"Our board of directors has reviewed the Option Plan and the lack of available shares thereunder and determined that the Option Plan requires additional shares to provide the flexibility with respect to stock-based compensation that our board of directors believes is necessary to establish appropriate long-term incentives to achieve our objectives. Our board of directors believes that it is advisable to increase the 6,000,000 share limit to 15,000,000 shares in order to attract and compensate employees, officers and directors upon whose judgment, initiative and effort we depend. The issuance of stock options to eligible participants is designed to align the interests of such participants with those of our stockholders."
"Concurrent with the completion of the transaction, Elixir Gaming Technologies announced the following management changes and appointments, all of which are effective immediately:
* Gordon Yuen has been named Executive Chairman and Chief Executive Officer. Mr. Yuen has led Elixir since its inception in 2002. He had previously been a key managerial member of a number of major multi-national companies including HSBC, American Express International, American Express Bank and PepsiCo, as well as several other companies in Asia. * Joe Pisano has been named Executive Director and Senior Vice President. Mr. Pisano has served as general manager of gaming operations for Elixir Group Limited since August 2006. From March 2002 to July 2006, Mr. Pisano served as business development manager-Asia Pacific for IGT (Australia) Pty Ltd, a wholly-owned subsidiary of International Game Technology. * David Reberger has been named Chief Financial Officer. Prior to joining Elixir Gaming, he was a mergers and acquisitions adviser based in Australia for ten years with CIBC World Markets, Chase Manhattan Bank and Gresham Partners. Mr. Reberger was an executive director of CIBC World Markets and headed their Asia Pacific Gaming, Lodging and Leisure Group. Prior to investment banking, he spent six years in the financial services sector in both corporate and chartered accounting."
"At a meeting of the board of directors of VendingData held on May 17, 2007, the board approved the grant of options to purchase 5,000,000 shares of our common stock to certain officers, directors and employees of Elixir and Melco, including options to purchase 1,200,000 shares to Gordon Yuen, the chief executive officer of Elixir, and options to purchase 540,000 shares to Joe Pisano, general manager of Elixir. Mr. Yuen and Mr. Pisano have been nominated to our board of directors."
Just how many millions and millions of shares, warrants, and options does it take to "align the interests?"