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fbg0316

02/15/17 8:59 PM

#13277 RE: ignatiusrielly35 #13275

I hear you. Dan controls the Board, so any message to the Board would fall on deaf ears, which is why it would be beneficial to see Adage appoint someone independent on the Board. I recognize things have progressed at the company, but as a shareholder I view the primary measure of performance the creation of shareholder value, which we haven't seen yet as reflected in the stock price. I don't think the company should be giving management any more RSUs, period. I thought the initial RSU grab that vested over three years was it - at the time, the company said management needed to have an ownership stake to align with shareholders, so they got it thanks to the 40% discounted offering in 2014. Fast forward to now, the stock price is lower than the weighted average cost basis of all the investors that came in under Dan, yet he wants more? I don't have an issue with options, because they're only valuable when the stock goes up, but no way management deserves more RSUs when shareholder value has eroded on Dan's watch.