John, the dilution point is fair. If you look at CSE over the last 18 mos, they have been raising capital every which way -- DRIP, paying compensation with stock, issuing stock to retire long term debt, capital issuance, and dividend cut.
I really am interested in your views about your exit strategy. Are you holding long term or looking to get out at a specific price? What do you like about the company?
I am long, but realize that there aren't going to be any rainbows anytime soon.
I don't commend him for it??I will say that, I do know he's a very charitable guy and everything in life isn't about tax deductions! That's very cynical to think that way. My point is always that, Mr. Delaney, has an interest in the share price, because he get's (more than handsomely, might I add) paid in stock, not salary and stock, just stock. Most investors assume he doesn't give a flying fig about it,(Share Price) because of some huge salary,(He doesn't get) but he does care, as it directly affects his net worth. I agree, he has been paid, in the past, quite well in stock and options. I'm not going to say what he should or shouldn't get, because quite frankly I don't know that I'd be qualified to to do that. Could he be leaving? I don't know, I hope not, At least until this banking crisis is over. GL
Dividends do not equal compensation. Dividends are the results of his stock ownership. Who the hell do you think created this company? He stands in the same shoes as shareholders. In other words, with the reduction of the dividends his personal income has gone down.
Now if he had sold his shares in the company and invested that money elsewhere, would you be happier?
Dividends do not equal compensation ya right. Are you using a mind altering drug? When dividends go down his "compensation" goes down with the exception he is awarded 2 million shares to make up for the loss and that required changing the rules of the company by "the Board".