Wednesday, November 23, 2005 12:00:30 PM
Furthermore there is little evidence of any new shares being issued short of the approximatly 8mm mentioned in the last 8-k. It is you who always calls for solid PR confirmation of events so where is the confirmation of dilution?
All management's shares are locked up until sometime in Jan 2006. It is not unusual for management in a startup to forgo regular compensation until such time as the company becomes a success, because they know the end reward will far outweigh anything they could get by bleeding it dry along the way (this concept was totally lost on LB). Neither you or I know what other forms of compensation any or all parties are receiving from other ventures (I know I have more than one line of income). Perhaps this is why they agreed to the share lockup?
I also have no problem with any company issuing shares to pay their management. Its a cost of doing business and if there is no management, there is no company.
Hasher you have made some great points over the years but there are many more aspects to running a company that you do not seem to be interested in realizing.
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