@Copperslash: I am a VRNG stockholder so I got my information from the 2014 annual proxy materials, back in May. most shareholders don't read the proxy materials and don't vote which is why many managements know they can get away with behavior like this. If you're not a shareholder and did not receive the proxy materials you can get the same information on Edgar when the 10Ks are published. Believe it or not I am not bashing my own stock--just hoping to educate the shareholders to vote their shares, so that VRNG management stops diluting us so egregiously.
I do however find it truly ironic that while VRNG's business depends on a team of lawyers it may take a shareholder lawsuit to convince the management to stop fleecing us. That said I'm curious as to what makes you think that tripling annual salaries to $900,000 and expanding the fully diluted stock from 86 million shares to over 115 million shares to provide EVEN MORE options for management, the lawyers & the board is "not excessive" granted the size & progress of Vringo. Prior to giving themselves these extra 30 million shares, management, board & the lawyers owned 17% of the company. You can do the math yourself to see how much they own now. I'm actually scared they will help themselves to over half the company over the next couple of years if they continue at this rate ;(
That 36% dilution for May 2014 alone really pissed me off. Perhaps it's ok if we just decline from a ten bagger to a double or a triple after management has finished rewarding themselves in this "not excessive" manner, but it's disappointing to me after all the time I spent researching VRNG.
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