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Wednesday, January 14, 2009 3:00:39 PM
In preparation for any major acquisition where the acquirer will be taking on the employees of the company being acquired where there CURRENTLY is company stock being issued for performance, the acquiring company MUST have a plan in place to resume those same performance awards that the previous employees had. Such would be the case in acquiring Labatts and the 55 employees at the Buffalo Headquarters.
Check your prospectus. An Authorized raise AND a stock based incentive plan.
You poo pooed management for even having the audacity to give themselves shares when they aren't even profitable.
Now you'll be applauding them.
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