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Re: Darmok post# 29328

Wednesday, 02/09/2011 7:51:24 AM

Wednesday, February 09, 2011 7:51:24 AM

Post# of 92948
I guess I am looking at it different than you are. For the (3) years 2007, 2008 and 2009, Caldwell received total compensation of $1.6MM. He too held the COB, CEO and Principal Financial officer positions. Interim Rabin may well be positioned to sell in 30 days (employment agreement will dictate that). Based on .20pps his $5MM shares is about $1MM, doing a brokered cashless exercise on options nets him another $300K(buy @.14 and sell @.20...06 x 5MM shares). So it is possible for him to get $1.3MM for approx. 3 months work and Caldwell took almost 3 years to receive that amount of compensation.
Rabin was also gifted 5MM shares last year for being a BOD, almost another million dollars at todays pps.

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