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
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