We own a much higher % of the ETD business. Once that line of business is spun off. We own a much higher % of nothing...
We'll pay Zapata $15M and give the company some working capital to get 10-15% of the new entity.
It's not this "we're getting screwed scenario that you're claiming. After the ETD deal is announced, you can exit the stock and not worry about Zapata.
How about we report the facts? 270k salary, not what you said. Also please point out the filing where it says he exercised options and sold. This must be reported and there is no filing for it that I can find. Please provide it for us.
Bill MCGann's $2m salary was a misstatement on my part. My statement was not fully or clearly stated.
FTR: The $2m number was 'rough' amalgam of management salaries and my recollection regarding managements share options vesting then immediately being sold at what I felt were detrimentally low prices.
The point I was attempting to push forward was the apparent lack of confidence management appears to have in their own companies stock, and how I felt it effected investors confidence in the share price.
I was attempting to highlight what I felt was a lack of confidence Management was showing in their own company.
I was somewhat 'Shooting from the hip' and I apologize for my lack of clarity.
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