Saturday, May 10, 2003 12:46:43 PM
DD- It seems we agree on the problem i.e. shareholder ignorance about capital stock transactions, dilution, etc., but the big question is how to solve the problem. To me, I would like to see complete disclosure about employee stock transactions. For example, maybe a disclosure like the truth in lending act as applied to employee stock transactions. Instead of a big bold statement as to your APR, how about big bold print as to how much these ISO will cost you in dilution if you shareholders approve these ISO options? How about making the default votes on proxies a "NO" vote for dilution matters, so that companies will then have to go out and actively campaign as to why they need additional stock for any reason including ISO? There must be many ways to help the average investor make more informed votes when it comes to capital stock transactions.
Best Regards,
Corp_Buyer
Best Regards,
Corp_Buyer
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