Blueskywaves
You are just full of it aren't you. I can assure you that IDCC could hire all the engineers they wanted to hire without any option package. I assure you that for many 30 years of waiting doesn't merit any big rewards for management either for 29 years of failure. If the company needs more shares then be specific about the purpose of the shares and covenant as such so they will not and could not be used for any other purpose. You know It is strange to me that the company expects all this money but didn't make one mention of a stock split. If you are looking to increase liquidity and encourage larger institutions they will need more shares available for these big buyers.
Does IDCC already own necessary patents to collect on 2G and 3G? If they already have the engine and transmission then what are these engineers working on the hub caps? Like I said crank the engine up and engage the transmission and get out of the parking lot, and let someone see this vehicle moving with your technology, and willing to acknowledge it, kind of like seeing a Hummer coming down the road, you know its a Hummer and it deserves some respect as you sure don't want to get ran over by it.
I challenge you to say these officers have not only been adequately paid in the years where nothing was produced they were exceptionally well paid and got options like there was no tomorrow, and when the options fell to out of the money they were repriced to the best of my knowledge to make sure they got a good deal and they got 4 shares for buying 1 while the rest of us got 1 and seen it dilluted to 1/2 a share, so you tell me whose benefiting with no risk and who is the risk takers. Is Harry a big risk taker, or Rip, or Guy, you answer me and tell me how they are at risk or for that matter tell me how the engineers are at risk. Trust me the engineers or the officers if they got a better deal at another company most would cut and run, as evidenced in the sports world, loyalty is a characteristic that is scarce now a days.
I assure you if I was in charge of the company not only would I not receive options, neither would the employees. I think if we had a great year then a special bonus should be paid to all the employees as a reward for their performance. I also suggest if a individual did something above and beyond that made the company money a bonus should be awarded to that person, and I have no problem with quarterly awards of cash being given to a person who increases the wealth of the company, but if no one did anything special then the award would be shelved till a recognizable achievement was done. Are you even familiar with the unemployment rate going up, and factories moving out of this country? What makes you think a incentive package is needed to aquire personell? I also don't see where IDCC will aquire a company that will make the engine and transmission royalty increase by the amount spent on the aquisition. Now here I could be wrong but it is still my opinion and thats what matters to me, just as you had yours and you posted it and so I am posting mine.
Mickey
