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petitive conditions. Any substential strengthening of price or of
both price and volume would greatly increase profits. Any further
loworing of prices, or loss of volume, could easily eliminate all net
profits.
9. While it is agreed that some plan for menagement to
participate in earnings either through stock purchase options or a
percent of earnings over and above Proferred Dividends - is desirable -
nothing of a definite nature has been proposed.
10. The only real obstacle to proposing the plan at once
is the uncertainty surrounding 100 shares of the old Proferred Stock
owned by a Mr. Seager or his estate. Mr. Becket has this in nind and
may advise proceeding without the congent of Mr. Senger.
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"ocrText": "Page -2-\npetitive conditions. Any substential strengthening of price or of\nboth price and volume would greatly increase profits. Any further\nloworing of prices, or loss of volume, could easily eliminate all net\nprofits.\n9. While it is agreed that some plan for menagement to\nparticipate in earnings either through stock purchase options or a\npercent of earnings over and above Proferred Dividends - is desirable -\nnothing of a definite nature has been proposed.\n10. The only real obstacle to proposing the plan at once\nis the uncertainty surrounding 100 shares of the old Proferred Stock\nowned by a Mr. Seager or his estate. Mr. Becket has this in nind and\nmay advise proceeding without the congent of Mr. Senger."
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