…ago.

Dan Drake comments, “It should be noted for the benefit of anybody trying to do this over again that the option grants as set up by the Board were to be approved by a majority vote of the founders, one person one vote, before the Board would formally vote them. The allocation was so wildly unpopular that the chairman of the meeting, who wasn't wildly enthusiastic himself, was barely able to railroad them through, believing as he still does today that absolutely no compromise could command a solid majority. I.e. this idea didn't work very well.”