I have been reading and thinking all day about this proposal
I think the number of shares in the options pool is obscene
Can't imagine why anyone would need a 500,000 share option with a company that is on the cusp of greatness
But, mostly I am concerned about the potential for abuse.
SKS could go a long way to alleviate my concerns if he would public state that neither he or any member of the Sprague family, nor Feeney will receive more than 100,000 stock options until the company reaches break even. That is equivalent of 300,000 pre-split, which is an enhancement over the last plan. If he is unwilling to state that, than I am suspicious of intentions.
Let's not forget, we will likely need to do another round of financing. At this rate, soon we may well have as many outstanding shares as we did pre-split and no appreciation in the stock value. Not a happy thought.
And, for those who would say that wavoids who are concerned about this proposal and are questioning management should sell their shares if they are not happy. I say be careful when you say that. Given the number of shares help by frustrated wavoids, I wonder if you and SKS realize what an impact it would have on the stock price if all who were unhappy did sell. My guess is that it would result in a substantial decline in the stock price, which would result in having to sell more shares to raise additional funds and lead to more dilution, etc., etc., etc.
Back to lurking.
LadyX
