tvillars wrote:ZMC's Information Circular includes some very nice tables showing option based awards for both Named Executive Officers and non-executive directors.
INFORMATION CIRCULAR Pages 11 & 15
I've consolidated this into GaryB's EEStor Docs to make it easier to see all the options at once.
It is worth noting that a number of options will expire between now and May 13, 2012:
Stephen Rodgers 208,000 expire on March 22, 2012
John Wallace 33,000 expire on March 22, 2012
Brian Cott 450,000 expire on May 13, 2012
Richard McGraw 175,000 expire on May 13, 2012
Since Dick and Brian Cott had a dust up in Nov 2009 about ZMC filing patent applications that were a little to close to EEStor's patents, you have to ask if Dick is delaying a public announcement until after May 13, 2012. I personally doubt it, but Dick and Brian reportedly had a very blunt meeting where Dick's take away was he never wanted to see Brian Cott at EEStor ever again.
I felt sorry for the Zenn employees who lost their jobs. It would have been disappointing to see some of these execs enjoy huge upside with their shares after all that has transpired and not transpired.
It's interesting to think that at some point in the past, these guys must have really thought AHBL day would happen before those options expired. Are they kicking themselves? Are they upset with DW? Wonder what's going through their mind.
I can't shake the thought that in some big way the main loss of opportunity here stems from failure to manage their relationship with EEStor. That's pure monday morning quarterbacking....the present always makes the past easier to understand. So I'm not saying I'm smarter than those guys. But as a principle of all commerce...relationships are very important...different from guarantees and more like insurance.
I would have had people going to EEStor once a month at least. I would have rented some part time office space in Cedar Park. Socialized with EEStor. Weddings, birthdays, golf, baseball, etc. I probably would have moved to Austin. I would have bought a stake in the Magic store next door. Would have brought in lunch once a week. Breakfast...donuts...cookies. Blended in...become part of the fabric of the whole operation....share the victories and disappointments. etc.
Ah....lessons learned. Are you listening individual shareholders???