LT: I agree. Huff is slitting his own throat, not to mention those of his loyal stakeholders. The first rule of delivering bad news to shareowners (or anyone you care about) is to take away with one hand, but to give with the other hand.
Announcing frightful dilution and employee option extravagance, without offering meaty bones to stockholders for future consumption, displays an utter lack of public relation skills and invites possible regulatory scrutiny.
Lamentably, the market is set to punish Huff for his ruinous lack of judgement and, dare I say, arrogance. Indeed, it now appears Huff is writing his own ticket to perdition's door, in the absence of dramatically favorable news. His time likely draws nigh.
'Twas ever thus.
These are my opinions and sentiments only. Take them for what they're worth. Do your DD. Buying stocks is risky!
"If we could sell our experiences for what they cost us, we'd all be millionaires." -Abigail van Buren (a/k/a Dear Abby)