$20k at the end of the year and 1500 options!!! Thanks but no thanks! That checkbook may be empty by the end of the year!
This stock is like trying to catch a falling knife. Things must be bad if potential suitors have no interest in this dog with fleas; even with a 80% discount. Total disaster.
After taxes those measly options and $20K won't even pay for my families health care for a year once this thing goes down like the Hindenburg. Time to find a real job instead of hoping for a miracle.
The retention package should at least include enough $ to cover our family healthcare costs after we leave. Every financial package intended to retain employees should, even though healthcare is a benefit offered to those retained. You're an absolute moron. Don't let the door hit you on your way out.
I think you may be the moron. A retention package is to "retain" employees, not let them go as you suggest. A severance package is given to those that are released. Either way it doesn't matter. We are dead men / women walking. On the bright side the stock is over $18 today.
If the ship was going down then why are they paying us to do nothing? Wouldn't it be easier to let us go now?
The truth is that they have to keep this charade going on until a suitor comes along and can pay 5 cents on the dollar for this piece of crap. Same thing happened at my old company. Sr. management is looking to kick the can down the road until they get theirs. In the meantime we are cheap compared to the buyout they hope to get. We get squat. I had an interview with another company today and they asked me what I have been doing while we wait for approval. The truth is I've been binge watching Orange is the New Black on Netflix. I kept that little secret to myself.
Trouble is this is a company without a product purely speculative and the success of products such as theirs is highly unpredictable but some people somewhere have made a lot of money out of nothing!
Our recent meeting was pathetic. The sales people here are less than impressive. Most were castoffs from other companies that we got on the cheap. Not sure how long we can hang on...
