The other 50 million is going to Nader and the Board.
Why do people keep throwing that number around. It's 25 million shares for new incentives. With where the stock price will eventually go 25 million shares is not warranted and the evergreen renewal provision is abhorrent.
If any current employee or new hire does not sufficiently believe in a much higher stock price and be willing to accept a lower amount of incentives then we don't need them.