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Tessera Technologies Inc. Message Board

  • foreverwhiteroses foreverwhiteroses Aug 6, 2010 6:00 PM Flag

    S-8 Filing After the Close - 5 Million Shares

    S-8 authorizing issuance of 5 million shares (that's 10% of the already existing outstanding) to EMPLOYEES. Yeah I know all the arguments about having to incentivize the management team, but come on.... The way I look at it, there's management's continuing transference of ownership from the current shareholders to "employees," or should I say management, most of whom have proven to be interested in only cashing out their giveway shares. So future growth becomes a greater benefit to others at the expense of those who already own.... Your ownership percentage goes down while management increases below market levels.

    Maybe I should read more of the form before writing this, but those of you who have been around know this is a hot button issue to me... I'm still out so I should probably keep my mouth shut......

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