RE:RE:RE:RE:RE:RE:RE:No people have tons of sharesNo matter how it's spun, these incentives are good. Best case scenario is these options are granted under with knowledge of certainty of a start date. However, even if those dots shouldn't be connected, it's a positive that there is talent retention (old hires / nw hires?), and talent attraction with these in the policy. More are aligned with us and management has listened to shareholder concerns very well, which has never changed. I do remember Oseth making a quote about the need to retain and attract top talent on the software side to develop Orion, and maybe this is more connected to that. To me it doesn't matter. Never hurts getting / keeping the top skill.. options are a cheap and effective way to do so, and could lead to millions in new verticals or main features in future software updates to further go after the industry lead in what their technology can offer.
Mark Gomes, Analyst:
Yeah. So what puts management's personal financial alignment in line with that of investors?
Rich Mohr, Chief Financial Officer:
Well, I think our Board acknowledges that the more the management has invested, and we all are invested. I mean, I've got stock with the basis of $5 a share. And so they understand that as our shareholdings increased that we obviously are aligned with the industries that are out there. I know, Todd and I, both in our early years of our employment here, portions of our compensation were based on stock. I don't think that the compensation structure of this company is really much different than any other public company out here and how the Board will address it, so.
Todd Oseth, President and CEO:
So we do have options that go out to management as well as other employees and it's in their best interest to make the stock rise, even though that any one person doesn't have the ability to do that.
JeffNavinJH wrote:
I presume they would have to make it up with good old fashioned cash. If I was offered this kind of deal at this kind of stock price, I would much prefer the options if you know the deal is going to go down. A DRC assignment certainly qualifies as a hazardous/hardship type of post and would require a significant amount of pay - unless they subcon this function out to IGN France or a South African GIS company. If I owned the company, I would want my team on the ground for something of this significance to the future of the copany. Everyone has a price, so someone will do it for the right incentives.
Intermap really has a long ways to go to get to 50% on this vote. I own a nice sized chunk similar in volume to MG and I am currently withholding my vote. Happy to reward management when they execute, but kind of hard to pull the trigger on generous options based on where we stand today.