Ann: Letter to Listed Option Holders, page-279

Can I just point out a few things those of you against Options have not considered yet (or at least I don't think you've considered)?

* Most Option contracts will never be exercised, derivatives like these are mostly traded and very few actually converted into shares.
* I think this will be a landslide victory for the renewal, since these Options were awarded for loyalty and I imagine anyone with a large enough pile of shares to affect the outcome of the vote are most likely holding Options.
* IF the Options are to be exercised by anyone, they will most likely be exercised AFTER the approval, upon which the share price will be so high this tiny amount of dilution is not going to matter.

Again, just relax guys, Option holders are not trying to destroy shareholder value. Most of us here are familiar faces, we're all on the same side and we all want the same thing for this company, this in-fighting needs to stop.