Dear Rick
posted on
Oct 23, 2008 08:02AM
At 15 cents oer share there is absolutely NO reason to provude stock option incentives to your staff.
At 25 employees I would much rather you provided an employee stock ownershiop progran that allowed staff to purchase shares at a slight discount to market provided that the shares were held to teh earlier of for 180 days or 30 days aftrer the relationship between PTSC and the employee has been severed.
Historically there has not been any benefit for penny stocks to provide options as they only serve to dilute the eps moreover the constant selling pressure of these in the money grants only serve to depress the price of the shares causing more options to be granted and the forcing the cycle to continue. This in turn causes the firm to issue more stock as currency requiring a larger number of shatres to be issued as currency in your M&A activity.
In other words you have not a clue what you're talking about and I suggest you cease spewing nonsense.
It's high time this company made its employees work for their money, if their salary is not enough then let them work someplace else. In case you haven't noticed you don't have any talent worth retaining so please lets try and give the current shareholders a fighting chance.
The employees can easily purchase shares cheaply in the open market this will give them more than enough incentive to work hard. If not then they're not the kinf of folks you want around so let them be,