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Re: majorpain post# 16546

Thursday, 05/15/2014 9:43:13 AM

Thursday, May 15, 2014 9:43:13 AM

Post# of 75264
The incentive plan on the surface does not look to bad. The option strike price cannot be less than 110% of market value. I do see there is a potential (albeit small) opportunity for abuse through the Administrator's exclusive right to re-adjust the number of shares whenever there is a restructure of shares (i.e. splits), but there is also language that it must be "equitable". The quantity of shares for the program are relatively small, so in my opinion this is not a big deal - it just seems odd in light of the last 10K authorizing millions of shares to management/friends/founders/consultants that this "incentive" plan is really not necessary, but just one more "perk" at the expense of non-insider shareholders. I think it sends the wrong message, but again, just my opinion.