To my understanding all options to be issued as per new employees and such were in that VSI plan. Memory serves that Marty or REW was informed by Paul Henry.
At any rate, it's very disconcerting that another 2 million shares have been issued just this past 2 weeks. While we are still under the 100,000,000 threshold, it begs the questions; "will there be more dilution, will the authorized be bumped to 114,000,000, has it already been bumped to 114,000,000, will it go much higher, will more of the profits from the option sales flow back into another sweetheart loan agreement to cause yet further dilution and so on and so on.
If it weren't for the massive and reckless dilution caused by a questionable and apparently rigged loan agreement, I would just be waiting like the rest of you to "see what happens." Unfortunately these past and now public decisions leave any rational person with a thirst for redress. These were not only bad decisions. Bad decisions can always be rectified... mostly anyhow. These decisions clearly lined the pockets of one individual and at the grave expense of the shareholder. The same shareholder that the CEO of a company has the fiduciary responsibility to watch out for.
This water continues to flow under the same bridge and must be stopped in order for this company to have credibility. Not to mention return of the shares that were taken for non-performance.
SC |