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Wednesday, January 09, 2008 9:38:53 PM
I agree with you, diluting our shares by 80 million is not a good idea and it will do damage to this stock.
BUT
Mr. Lanza started this company and he is at this moment the President of BDGR. In the business world, like Merrill Lynch for example, CEO's most of the time get compensated for their job (good or bad)when they leave the firm. In MER situation, it was ugly, they lost 8 billion dollars last year, and he still walked away with over 156 million dollar package. In this case I think Mr. Lanzo should get the same respect. I hope it's not 80 million shares, that's a bit too much but let’s say it is. I would hope they give him the shares only IF there are restrictions on those share as for when he can sell them. For example, allow him only to sell 10 million after first year but only if the stock price is above 1.00 and then let him sell the rest after few years only IF the stock is worth 5.00 and so on. At this in mind, I would vote with peace for the deal and for directors. Because I would know that he can't get paid if I don't get paid.
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