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IVRT

08/16/03 4:44 PM

#3937 RE: spook #3933

'spook' you have raised some good concerns! I think your questions should be directed at dnap as well. I am interested in any responses you may get from DNAP, if you email them, concerning these questions.
IVRT

mingwan0

08/17/03 11:48 PM

#4009 RE: spook #3933

spook, sorry was busy yesterday. I agree with the 30M shares for Frudakis on the basis that this was a previously negotiated element of his compensation which, due to intervening events, was not going to vest as anticipated. They had to tie up this loose end.

If you look at the share compensation for Gomez, Gabriel, and (the one that most seem to have an issue with) Tamborini (Monica is a girl - deal with it people) in terms of current cash value of shares then you would think that they are being rewarded in a manner which is disproportionate to the "industry norm" (whatever that is and notwithstanding that this is a new industry). However, all of their renumeration is stock (plus the cash to cover the taxes). This is not a usual arrangement for corporate executives, who would typically want to have their cake and eat it too. The executives are sharing the same risk that the shareholders are. In their case they can do something to directly ameliorate that risk! The ball is in their court.

How Richard and Monica do in practice remains to be seen. Their track record is OK. Let's give them a chance. To some extent you either trust people at the company or you don't. Personally I extent them that trust, although do not deny that I would also like to see more frequent shareholder updates on the sort of material events that we are discussing.