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Re: DEVJ post# 11016

Wednesday, 04/29/2020 11:40:36 AM

Wednesday, April 29, 2020 11:40:36 AM

Post# of 14960
For the proxy, none of our votes count. We don't own enough.

The most important item on the proxy, in my view, is the reload of the employee stock plan. It's potentially 10% dilutive if all shares issued, but critical for senior management retention.

When I read the news of Arthur's termination/resignation, and after I got up from the floor,, my main concern was the team that runs the company. What if the CORTI team walked? What about all the others who run the company? They are not slaves, and many have great resumes.

Senior employee retention is the key decision for proxy voters. Fortunately, whatever your feelings are, the enhanced plan will be approved, and more grants at today's prices - not the high 60s - will hopefully keep the team intact.

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