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TRCPA

05/16/05 11:09 AM

#8640 RE: Jagman #8639

Jag......no, I'd much rather have them owning the shares, so they have the same pps incentives as do the investors....even more so, given their holdings in comparison to most/all outside investors.

Selling all of their own shares back removes this pps incentive entirely.





Setonian

05/16/05 11:45 AM

#8642 RE: Jagman #8639

Jagman....it's nice that you can authorize shares to yourself....no board, no shareholder input and really no accountability.

I don't see where some here think that because they own (really didn't cost them anything) those shares that they will see the need to get those shares more valuable.

If FASC stays at these level and dilution continues, they just authorize another bunch and WE pay for it by further dilution of our shares.

I for one don't find that too encouraging.