Wednesday, April 23, 2014 7:01:24 AM
I totally agree with the option to Mr Glenn, for his hard work etc but I am disappointed by the option price.
As oppose to set a price without much references...I would have like to see a construct showing the presumed value of CMGO pps and offer to Mr Glenn the option at 50 % discount...
As I did the exercise before, I am convinced that the current pps based on values should be around 0.07-0.12, before adding GGI. That would set the option at 0.035- 0.060.
Once the option signed, that would represent a nice annual revenue of about 1000k, annually for his 18 months term at the bar of CMGO and that is well deserved.
But the strongest message would be the PR... Setting the value of CMGO, taking us all away from that slump...that we live in for the past 24 months. And by the way....this new pps would also benefit him has Mr Glenn must have already a significant position in CMGO way before he took over the direction, as a simple share holder, like every one of us. This reset pps would then benefit him twice and good for him.
I know this is a sensitive issue.....but I still believe that we, they have the time to reposition themselves... For the good of CMGO.
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