MTB,
Looks like you are smarter than me. I am just holding tight and voting for the LFB deal, question #1. I think it has a chance of going up some small amount if the deal passes. If it doesn't pass, then we drop even more and hope some other deal or sales can bring value back. I may vote no on questions #2 and #3 since I assume they already have enough shares to do the LFB deal. Let me know if I am being stupid with this logic.
What pisses me off is that when I wrote Tom Newberry that shareholders have lost a lot of money, the guy actually stated that employees have lost money too because the stock went down and their options are worthless. They didn't lose any money, they only lost the chance to make money, whereas shareholders have lost real cash. Companies always argue that options have no value, so how come the employees consider it a loss if they can't use excercise them. In any event, they will just try and re-issue more options with a lower strike price. That is why I don't want more shares to be authorized now, to restrict the ability to give them back to employees.
As far as Cox, yes it does make me sick that he can't even be bothered to make symbolic cuts, when a real slashing is called for now. Actually, it should have happened at the beginning of this year or more prudently, when the Ovation deal was announced and there was so little up front cash. The thing that pisses me off the most is that I was really disappointed with the lack of up front cash, but didn't sell some of my shares then. I guess I am a bigger moron than I thought.
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