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SPIN

09/05/03 2:33 PM

#9065 RE: Weby #9062

weby do those guys & gals deserve it more than you?

they have a guarantee (salary) for showing up. you have no such guarantee.

if they perform well, they should certainly be rewarded commensurate to the results of that performance.

no problem there @ all.

but shouldn't the performance & the related rewards be measured & compatible?

moreover, option strikes should be set @ or near 52 week highs, NOT lows.

exercising those options was a much-needed cash infusion in a desperate time... if Wave is going to succeed @ even a tenth of the rate suggested, strikes @ 52 week highs shouldn't be a problem & set @ lows is fundamentally wrong IMO & overly dilutive.

JMO & not nearly enough to miss the larger opportunity.

anway, thanks for clarifying,

SPIN