Bob, I have spent already more time than I planned on TSIG, one gets dragged into these things. I was under the impression that Gordon current salary is no $360,000 and was so last year. I also believe that the grant of 5 MM share is not a future grant but an immediate grant. Last, the total (including Gordon's 5 MM shares) of 34 MM shares in grants and exercised option last year is already a fact not a planned expansion. This "grabbing" by insiders of the company equity (and what else would you call dilution of the public by 55%, and more to come with another 19 MM options granted last year?.
I just do not have the time to go through each one of the "possible" expansion plans like I did with the 50 MM school children case. When I find one hyped number, I assume the rest is hyped as well. When I find one example of the public being robbed of its ownership of the company, I do not even look at the plans.
You people all the time ask that I respond to your posts, yesterday I did my best to rapidly find information, some of it must be flawed and I apologize for it. Buit it would be nice if you come forward and said, yes a company that had sales of about a million and losses of about $12 MM should compensate it chief executive with $360,000 per year and 5 MM shares, and his teams with roughly 50% of the company assets. That is a travesty and a strong sign that management takes care of itself first the poublic share holders, never.
I have addressed to you this issue three time and you always shy from responding to it. I must assume that you believe ronbbing the public is "fair game". I would siuggest that each holder looks seriously at the issue of corporate banditery and decides if all the dreams are worth finding newxt year that they have been diluted by another factor of 2 (and with the current floorless and the additional 20 MM options, you are well on your way).
Good luck to all of you, but I fear very much that the due dili is more what was fed to people by corporate IR and accepted as fact.
The floorless is probably just the first instance, and more delusion and dilution will follow.
Zeev |
