To: Mike Fredericks who wrote (4148 ) 5/25/1999 8:25:00 PM From: Jeff Carroll Read Replies (3) | Respond to of 13157
There are several questions related to the 1999 compensation plan that remain unanswered, at least on this board. I believe that having these questions answered benefits all one of the questions: How bad could this compensation plan hurt IATV stockholders? Are Mike F.'s numbers accurate (a quick synopsis mikef and correct me if I'm wrong but we lose (if not capped) $1/calendar quarter for every $1 of profit we book with a 50 p/e, lose $2/1 with a 100 p/e and lose $.50/$1 with a 25 p/e). see:Message 9546540 Message 9552704 Message 9559971 If these numbers are true then it may be that regardless of iatv's many partnerships, excellent positioning, patents, and potential for vast income that part of that income will be siphoned off. It doesn't really matter where it goes, it only matters that it goes.... I still do not believe that Bill S. would operate contrary to the stockholders long time benefit - is there an explanation for this type of compensation plan as some sort of secondary 'poison pill'? What is Bill up to? Would the compensation be capped next quarter as it was this last one? Scott H., have you had time to check this compensation plan out? Robert Cohen, you mentioned something about the compensation plan 'going away'. Do you have any new data? Atheist, do you have data that proves mike's numbers wrong? If the buying dries up, the price goes down, because sellers are always there for their various reasons. I worry that if Mike F.'s numbers are valid, prospective buyers, retail and institutional, may think the price of the stock will not go up in the future because of the possible drain on company finances caused by this compensation plan, and therefore not buy the stock where they otherwise would have if the compensation plan were not in effect. We have many sharp minds on this thread. If there is a resolution /explanation for this then we should see it here, otherwise you should draw your own conclusions. I appreciate any response that addresses what I perceive to be an important issue for this stock. Responses that address my writing style (or lack thereof), iatv's alliances, or IATV's prospective mega income streams, do not further the understanding of this issue. Does anyone know where the text of the 1999 compensation plan canbe found on the net? At least that way we would all be looking at the same raw data. I haven't gotten mine in the mail yet. Jeff Long since 92