To Blueskywaves: Thank you for presenting a rational series of arguments in defense of the proposed Option Plan. Only fools or complete dogmatists are unwilling to acknowledge that Options could have some benefits for IDCC which could consequently improve shareholder value offsetting the effects of dilution. An intelligent analysis of the Option Plan should be based on as clear an understanding of both its costs and benefits to the shareholders who are being asked to vote on it.
In short, a proper cost/benefit analysis should be undertaken in the evaluation of this Option Plan. You help mightily to clarify some of the potential benefits, which is not nearly as easy to do as to calculate the potential costs. Openminded people owe you their gratitude.
My problem with the debate about the Option Plan is that Management has failed to clarify their specific reasons for requesting this Option Plan, or at least well enough to clarify their intentions on how and when these Options will be distributed, how and when the "strike price" will be determined for each Option package granted, to whom they will be granted and for what purpose, and what controls are or will be put in place to minimize or eliminate any chance of them being abused. To my knowledge not a single person on this board, despite the immense amount of chatter and complaining, has either requested Management to clarify these and other uncertainties regarding the Option Plan or reported to this board any clarifications they have received in this regard.
So I fear that most, if not all, shareholders will be voting on this Option proposal without being fully informed. This is not unusual,unfortunately, and most elections have a large component of random irrationality wherein people rarely make an informed judgment as to what is really in their best interest. Proxy voting is just one example where people ironically vote with more ignorance than wisdom.
