Wednesday, February 17, 2010 3:49:42 PM
There is nothing good about this. Larry is getting shares at the bottom of the market and spending nothing. He will exercise and sell on the same day, whenever that is. My understanding is, he has no money.
The members of this board who have put hard cash in should be insulted. Just more dilution. Fortunately for the shareholders, only myself and couple others are outraged by the dilution. Larry's compensation has more more than GROSS sales during his tenure.
As I stated last Sept., the 10-1 split was unnecessary. We are getting screwed.
We have gone from 4 million shares outstanding (split adjusted) to approximately 5.5 million shares outstanding (split adjusted) in about 18 months and have received zero in return.
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