Re: POET proposed Option Plan amendments - motion to amend proposal???
posted on
May 30, 2016 01:02PM
Given the split views on this maybe we could preserve the current option proposal by shareholders making a proposal to amend the current option proposal. We shareholders could vote to amend and tying future options to a specific meaningful and measureable achievement by a date certain. I'm sure we could come up with something. Here is my initial idea but I am in no way proposing this but rather getting the thought wheel going:
Stagger the percent 5% on first VCSEL contract, 5% on first VCSEL shipment, 5% on first new detecto shipment etc
All no later than July 2017. Possibly the balance by positive EBITDA no later than July 2018.