Thanks Danny, well thought out as usual
I apologize if my posts come across as dogmatic. I don’t use IMHO because no one would believe I’m humble, and I don’t use IMO because unless I’m stating past facts, it is by definition just my opinion, and for a real laugh, I try to avoid redundancy in my writing. This will violate my own request for brevity, so those who’ve heard enough of my bs as one poster so eloquently said, time to hit the “Next” button.
When I said
"I don't see how these options are going to increase value to the company or not granting options will cost the company, so avoiding dilution will maximize shareholder value."
I was not trying to
reject out of hand any chance that these options might motivate management to work harder and smarter to maximize future earnings to the shareholders' benefit.
I was just stating that I am not seeing how the use of the options will significantly increase market cap. Management has not given any explanation (my call to IR is still not returned), and while some have pointed out some possible ways it can happen, not have be persuasive to [b}me. I am open to hearing what others think, and if I see a good case that I think is reasonably possible, then I'll reconsider.
Then to make your case airtight you assert that in the case of defeat management will not take actions to reward themselves in other ways that might be just as "dilative" to eps and/or that their focus on building shareholder value will be unaffected by what will surely be a significant blow to their morale right at the time when HG says "we have momentum going for us."
IMO, to think that they would take the actions you suggest is very damning of management. It means that they would work to circumvent the will of the shareholders and/or are more concerned with building their own wealth than that of the company or they lack the business toughness to work through a set back productively. Again, IMO, if #2 failed and what you suggest came to pass would be a sign that our management team is not working primarily for the best interests of IDCC. I do not believe that at all.
Thanks again Danny for your Spartan and to the point reply. Please feel free to unleash your word processor and hit me with both barrels.
Good luck,
The Count
