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Re: Dale3 post# 32649

Saturday, 06/14/2003 2:34:55 PM

Saturday, June 14, 2003 2:34:55 PM

Post# of 432774
Dale: I disagree that "mistakes" have been made. You stated:
"we all love the work that they have been doing it just tiring seeing this same mistake costs us time after time."
There are loads of potential conflicts of interest when you run a company owned by others(i.e. in this case the shareholders) Supposing you had a job which netted you a good deal of money and your situation mainly depended on continuance of the company and not necessarily its growth. Then you saw an opportunity to grow the value of the company exponentially for the owners but with a small risk that the company might flounder if things did not work out well and you might lose your job. From the shareholders point of view, taking this risk with the potential of huge rewards might be worthwhile. From your point of view, the risk, even though small, might not be worth taking since you were getting rich anyway.
Management, with its insider selling of cheap options and restricted stock whenever we seem to have a rise in share price and are gathering momentum, has indicated to me that they are consistantly willing to put their interests ahead of the owners of this company.

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