With all the stock option scandals in the news lately, I though I'd
give you a look into my own. When I hired on in December of 2001, the stock price was
around $25. The scandal here is how worthless my options are based on the original issue
price - around $6.25 today.
The good news is that the options were re-issued. The bad news is they were re-issued
at a 1-for-2 exchange. The good news is that I didn't have all that many to begin with.
The bad news is the current price is lower than the re-issue price. The good news is
that we're an excellent company and some day, somehow, the stocks will rise again. More
good news, if you subscribe to the adage that misery loves company, is that our ups
and down pretty much track our biggest competitors, so the low stock prices are an industry
curse, not just unique to us.
- Kirt Blattenberger
RF Cafe Progenitor & Webmaster