Corp Buyer .. I have scanned all of your previous posts when they were made as well as all of the posts of everyone else on this matter that I don't have on ignore. I understood them all and have thought carefully about them. However, in spite of all of the precise and accurate calculations regarding dilution by those in the "no on #2" camp, there have only been assertions offered by your side that at worst there will be no appreciably diminished desire or ability on the part of management to enhance shareholder value and you in particular have even gone so far as to assert that they will actually be more motivated and more able to drive the share price without the options.
Perhaps you are all right, but in my judgment you are wrong, way wrong. I have watched this management team develop since I bought in November, 1999. They have had more than a few stumbles along the way and there were certainly times when I would have said they were going to fail miserably. But it is hard for me to believe that anyone who listened to that CC today could conclude that the management team is now anything other than a winning one that is getting better and more confident in their abilities with each passing day. They truly do have momentum on their side .. momentum of their own creation in many respects. Their morale is high and infectious. Finally, they clearly have a well thought out plan of how to maximize shareholder value. I feel strongly now that a defeat of #2 could slow that momentum and diminish morale appreciably, as well as make the plan more difficult to accomplish, all of which in turn could easily cost the shareholders more than they will gain through avoided dilution.
Therefore, I will be voting yes on #2 and urge other shareholders to do likewise.
Regards,
Danny
