Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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Message: Re: Dilutive effects of a stock option plan

Perhaps tehy can go back to 18 months on the basis of a board vote. I would disagree with that as it is not a long term incentive plan and I don't think that options should be used as short term incentives.

To be clear, I am not saying don't vote for the 20%. I understand that we have taken on a bunch of new employees and probably we will be looking to hire a bunch more - particulalary if NRE comes in it will be necessary to staff for that development work. What I am saying is let's think about the longer term implications and what the point of the incentive plan is. Our management are clear that they are looking to build out a long term strategy for the company and in the long term interest of the company I would like to see a nodding commitment to thinking of the incentive plan in the same way.

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