To: Cola Can who wrote (3865 ) 5/22/1999 4:58:00 AM From: Mad_Mouse Read Replies (1) | Respond to of 6957
Everyone has overlooked one thing: the consultants have had a month to dump their shares if that was their intention. The shares have already been absorbed if they did in fact sell. From the S-8: This Consulting Agreement (the "Consulting Agreement") made as of April 12, 1999.... The Company will IMMEDIATELY grant Consultant the option to purchase 2,000,000 shares of the Company's Common Stock with an exercise price at $.05 per share, which option shall expire on April 11, 2000 at 5:00 P.M. P.S.T. I agree with you, Coca Cola, about the consultants being professionals and not selling. If they are good at what they do, then they can make much more later after they have used their skills to increase the value of the company. Basically, they are investing in their own abilities to enhance the worth of the company. To sell would show a lack of confidence in themselves, and they would have a very hard time finding consulting work in the future. I sure as hell would not hire them. DMEC had two choices: 1. Spend less money but more time growing the company by themselves, or 2. Spend more money but less time by hiring professionals to help. (It's the same decision I have to make whenever my car breaks down. Do I spend less money but more time fixing it myself? Or do I have a professional mechanic do a better job? I usually fix it myself, then fix it again, and again, and then I wish I had taken it to a professional because I ended up spending just as much in the end, but for an inferior job. Not to mention all the time I wasted. Doh! Hehe). I think these consultants will be well worth it. :)