Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : e.Digital Corporation(EDIG) - Embedded Digital Technology -- Ignore unavailable to you. Want to Upgrade?

To: Burt Roger who wrote (8468)	11/14/1999 3:36:00 PM
From: JimC1997	Respond to of 18366

Burt, You bring up a very good point that is overlooked by the newer investors. There have been several posts on other message boards which have criticized management (Falk and Putnam) for selling shares in the past four months. I wrote a note explaining the need to sell shares to cover the immediate federal income tax withholding due upon the exercise of stock options, which perhaps has cleared up that misconception. However, as you remind us, both Woody and Robert pledged some of their personal assets to secure a critical loan some time ago and were rewarded for that act by the issue of a substantial number of stock warrants. It turned out to be a very good transaction for them, but had they not done so, this company likely would not exist today. Fred has served as CEO at a very modest salary and is certain entitled to every bit of reward that he has received (and more!) in the form of stock options. How and when he or Robert choose to take this well-earned compensation should be no more subject to comment or criticism than how or when they cash their paychecks. You have posted your opinion that Fred should be rewarded and incented to stay through a generous grant of options and I concur. JimC