Alea, speak of dillution lets slap down another wavoid myth. Buying shares from the ESOP. For years I have seen the bitching about those on the board and the management team not having any skin in the game. The long time wave shareholders always shot back that they purchase through the ESOP.
Well, correct me if I am wrong here, but the selling of shares-the dillution if you will, the dillution of the shareholders, created funds from shich the company was able to keep the lights on-day to day operation. Salary would probably fall under this correct? So in essence, the sale of shares which paid salary allowed those in management to purchase shares from the ESOP. No skin in the game.
