One Step Ahead

[SPIN]

Hey Mach!

What in your opinion makes S-8 a good thing? Beyond the obvious, how is the almost un-regulated use of a short form registration, that requires scant disclosure, ever a good thing for investors?

From what I've seen, S-8 distribution schemes seem to be one of the most abused "loopholes" there are in the market. Except that when companies use S-8s to dump stock and there really was never any bona fide services provided, that isn't exactly a "loophole."

And NO, to anyone possibly thinking I'm accusing Urbie of that, I am NOT! Just interested in what Mach thinks are positives about S-8, strictly in the abstract.

Thanks in advance,

SPIN