scorpio_esq /
You are on the verge of becoming impolite by labelling me as one who complains. I bought shares in Wave 1995 and have held those shares continuously. I am committed to seeing this through.
As for giving an objective basis for appropriate option grant levels, if you read my post of yesterday you will see where I said I thought 500,000 option grants were excessive while grants of 100,000 were adequate. My objective basis was what value could be expected in 3 years time. I thought $20,000,000 was a little rich for a mid to senior level employee that comes on board at this late stage and gambles a year or two of his career on a latent start-up scenario. I thought that $4,000,000 should be sufficient on top of the promise of increasing wages at a successful company.
Shareholders need to recognize that they are the owners of this firm and that the employees are asking for us to give them 1/3 of the company going forward in the form of option grants. I find that excessive. I think 10% is a level that reaches my level of gratitude and that should be sufficient to engender hard work and loyalty in Wave employees.
Lastly, posters who question the right of shareholders to determine corporate policy of the company they own should rethink whether they have the right mind set to be a participant in the stock market.
