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Gold/Mining/Energy : MYT - Mytec Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Neil Irwin who wrote (963)	6/3/1998 8:28:00 PM
From: Investor 007	Read Replies (4) \| Respond to of 1535

I also saw the plan to reprice options, but why reprice below market? The shareholders are being asked to give a windfall profit to employees. You know that this is a company where insiders always dump their shares. If it happens again, then all us shareholders who paid 3 to 4 dollars won't be able to sell because the employees are getting 2 dollar stock today and will blow it out before we see the light of day. What gives? A while ago somebody here said that Grecco bought 600,000 shares. My broker says that is dead wrong. He was given 400,000 options last Sept. @ $3.70 and then got another 200,000 options at $1.50 when the stock dropped in Dec. Yeah, like he deserved a reward. What the hell kind of deal is that! He still hasn't sold a bloody thing. All that talk about 150 units going to TRW last December was BS. It didn't happen. Some units went, but they didn't work. (according to a Counterforce dealer) They stopped shipping in March. Only 20 or 30 units actually went. Too bad he wasn't man enough to admit it. Is this the kind of guy who only gives us the good news? That's a scary thought. While we're talking, I read that Grecco said that he will have a new product for $200 by year end. Where have I heard that before? I pulled out my old Shareholder Reports and stuff. Remember Cybermouse for $99. Yeah sure. When will this company stop with all the future promises and actually sell product like a real business. Last year management said that it took a long time to sell product to a company because this is new technology and they like to try it for a while first. If that's the case, why would the CEO preannounce product for year end at $200 when he's trying now to sell product at $1,000. Any corporate buyer with an ounce of intelligence would just wait 5 or 6 months for the lower price product. If Grecco is such a smart marketer, how could he make such an incredibly stupid mistake. Is this a guy who deserves to make big bucks on options this year? I don't think so. My Counterforce dealer also says they're raising millions of dollars in debt to buy alarm accounts. That probably means they're losing confidence in the fingerprint stuff. Or maybe they pissed away so much money on it already, they don't want to give us any bad news about the product or the market, so they're borrowing cash just to prolong the agony, while lining their pockets with cheap options. Jesus I'm sick of this. I need a drink. Another one.