So they drove down the share price on purpose as to not appear too greedy on the 8-k?
3.5m shares values at $630k? They made good use of the one day window of $0.18 per share. So they earned a quick $1.5m in additional stock price appreciation in a matter of 1 week for doing nothing, just by returning the stock to more normal trading levels?
Diluting the heck out of a company is all I am seeing. That action is downright criminal. If he wanted to get to a target of 630k in compensation, a fair way of doing it would be to use the basis of a 12 month rolling average stock price, not to pick the lowest price that we have seen in 18 months. Or why not tie his compensation levels to share price appreciation. My position has eroded 25% since early 2006. What have you done for me lately Mr. CEO?
I am BEYOND OUTRAGED. What a bunch of thieves. They still haven't delivered nothing but a pie in the sky for us regular investors, but they are not afraid of taking a bite of the apple. I honestly wonder what Mr. CFO is doing all day in his 40 hour+ workweek since there is no news on financing, apparently the BS deal died without us knowing, and there is no revenue to account for. I'll take that job for 600k shares any day of the week.
Can you please tell me the silver lining on this one, Technoman?
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