Post by
illumination1 on Sep 25, 2015 6:53pm
Totally Disagree With the 10 to 15% stock option reservance!
while this has been voted on and approved by the shareholders I am totally against such an increase regardless of what has been stated to allow for a more sustained ability for retention and incentive. I feel that issuing one and half times more shares is allowing to potentially give shares away more liberally and in ways in which should only be reserved for an incentive earned to rendered basis. Far too often in publicly traded companies I see that stock options are given to management when they haven't done anything significant to earn them and that is a no-no as far as I am concerned. Stock options issued earned "incentives" should be based on performance and excellent not only to encourage productivity. And if it is to encourage productivity they should be in a more limited quantity with a follow through where those who reach specific targets should rightly be entitled to purchase more of those options that are set aside for that purpose. Who is to say from 15% the company will not come back to us some years down the road and ask for 20-25% and so forth which inevitably results in more dilution and which is not of any immediate benefit for us at retail. I absolutely believe in rewarding people on an efforts basis but within reason and for those who get results extra on top of that but not where you are raising options that are set aside by one and half times--ridiculous! (imho) Have a wonderful weekend everyone. glta