I haven't posted for a long time as I've had nothing to contribute; I've just been watching and swearing. I sold a bunch more and then bought back a bunch around 50. I'm back over 100,000 shares. I know these guys for a long time and several points need to be mentioned.
1. When the stock originally crashed in 1998, they repriced their options so they had no realized loss - unlike many of the shareholders.
2. I fully anticipate them trying to do the same with all of their current options. Either that or take advantage of the proposed right to change the expiration dates--- 10 years!!!!
3. If you get 0.48 options, they've gone up in value by 100% at .96.
4. We're not all in this together, (mangement and shareholders), as they are asking for risk free rewards.
I just came by to say, I'm voting 'NO-NO-NO-NO".
I do have one thought and question. Is it necessary for someone to go to the meeting and "ask for a recorded vote"? This is a clear shareholders' right; if nothing else, they then have to publish the actual results of the vote. I'm not sure how the process is monitored if such a request isn't made.