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Technology Stocks : RRRR: Rare Medium Group (soon to be) formerly ICC -- Ignore unavailable to you. Want to Upgrade?

To: Abuckatatime who wrote (400)	4/23/1999 6:21:00 PM
From: Mark Peterson CPA	Read Replies (2) \| Respond to of 1150

Greg, thanks for posting the S-8 filing. This tells me all I need to know: CONFIRMATION OF GRANT OF OPTION. Pursuant to a determination by the Board of Directors of the Company (together with any duly authorized committee thereof, the "Board"), the Company, subject to the terms and conditions of this Agreement, hereby confirms that the Executive has been granted, effective April 15, 1998 (the "Date of Grant"), as a matter of separate inducement and agreement, and in addition to and not in lieu of salary or other compensation for services, the right to purchase from the Company 2,000,000 shares of Common Stock (the "Options"). The Options shall vest as provided in Section 4 hereof and shall be subject to adjustment as provided in Section 6 hereof. 2. EXERCISE PRICE. The exercise price per share (the "Exercise Price") for the Options shall be $2.375. So, what do we gotta do to get stock at these prices? Noodle along a few business strategies that loose $30M? The guy should be fired, not compensated with stock at the expense of the company's shareholders. Mark A. Peterson