Re: Hey!-- Where did my money go?
in response to
by
posted on
Jun 05, 2016 08:07PM
Rick, I don't think what is being proposed amounts to a 20% dilution. FJ had a detailed post about that a few days ago; my understanding is that it is topping off the current option count such that the options comprise 20% of outstanding shares. Most of the options are already approved.
Whereas they haven't used options as currency for acquisitions, I would think options can really help in terms of keeping salaries down and making our cash go a little longer. Not to mention the incentive they can provide, if used properly. I don't believe they were always used properly in the past, too much Venture Exchange behavior. I think that's substantially changing now.
Of course, we need off this exchange, but not so easy to do, apparently. That's been a discussion forever, and PC made it worse with his, frankly, silly statement about getting onto the NASDAQ in a matter of months. I'm sorry so many here believed that - it was truly unbelievable to me when made. I think with PC's departure, the house has been cleaned of the old guard. The new guard wants to make money too, no doubt, but I think they actually know how to do it. Having the tech handed to them was a big advantage, but what the old guard was doing with the tech was probably not going to succeed. No assurances that what the new guys are doing with the tech will succeed, either, but I think current management gives us a more than respectable shot.
What I say to management is just deliver on the potential, and we can all enjoy the fruits.