RE: News Out DBGDGB, do you realize that Bill Fogg has just received $670,000 fully vested for taking on his new responsibilities? (This is called a signing bonus). He is obviously a good choice for the challenge, but this is a tiny, struggling, accelerator.
Also, if my memory is correct,(may not be, so somebody can check details if interested) NSI's option plan allows for 20% of their options to be vested on an annual basis after first anniversary. Basically this would allow Bill Fogg to convert 400,000 options per year for the next 5 years. Thankfully, the ever-astute (hardly) board of directors didn't agree to an actual salary as well. Mr Fogg also remains on the payroll of Answers, which he deserves. Mr. Fogg also receives an additional incentive if he can somehow convince the investment community to buy the stock up to $3.50 and $7.50 benchmarks for the TEN day duration period.
The announcement that NSI has accessed their remaining operating line of ~$1.5 million would suggest that they will need to start looking for additional sources - today, for their line will be exhausted in less than 3 months.
The announcement that NSI has accessed their remaining operating line of ~$1.5 million would suggest that they will need to start looking for additional sources - today, for their line will be exhausted in less than 3 months.