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Post# of 249364
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cygnuscap

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cygnuscap

Re: keV post# 141523

Wednesday, 04/18/2007 11:31:33 PM

Wednesday, April 18, 2007 11:31:33 PM

Post# of 249364
This is a MASSIVE dilution. The total outstanding share count is ~43M and they want to add >22M ADDITIONAL shares for the option plan. No company I've ever heard of creates an option pool that is ~35% of the value of the company. It is just unheard of. Oh, and by the way, they raised their salaries at your expense too. 50k more for SKS and 65K for Jerry. +50% locked in bonus. So SKS is pulling down >$500,000 in 2007 from the company.
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