Have held for long time and think this is excessive dilution for people that are being paid already to do ther job well. Not against incentive but just not excessive dilution of shareholder value and the company is not even earning money at this juncture. Management will option further if Allowed in this vote as they will keep there ability to option without further shareholder approval. Shareholders have put there money up when risks were much higher than at present and watched and held during this downturn. What about their performance rights ? No offense meant to anyone management included ,As I believe they have done a good job thus far, but whilst one can justify anything dependent upon standpoint I believe this is not the right time for pats on the back to such an extent in share dilution and therefore future value. They should be patient as shareholders have to be and then we can all share in value which I believe is sure to come.
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- voting no to large dilution
voting no to large dilution
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