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The universal rule of directors and officers of a corporation is that they occupy a fiduciary position and, as such, owe a duty of loyalty to the corporation. This duty is to act only in the best interests of the corporation and its collective shareholders.
http://www.shareholderoppression.com/fiduciary-duty-board-of-directors
Shareholders' Role
Even though shareholders do not have direct control over the corporation, they do have some indirect control. Shareholders can vote to elect and remove directors, approve fundamental changes in the corporation’s structure, and adopt or modify the corporation’s bylaws. In the event that the directors or officers of a corporation breach their fiduciary duties to the shareholders, shareholders may bring a direct lawsuit against the directors or officers.
https://smallbusiness.chron.com/corporation-owe-fiduciary-duty-shareholders-70243.html
This is a dark company not sec reporting and doesn’t face the risk of getting suspended because of that. 15-12 G filed on 2010 eliminates that risk.
Good DD right there.
Thanks
Nice to see you and chen here. Really nice!
Chen is here, too. I just saw him tweet about it. LOL
I agree with that. Knowing ahead of time somehow ruins the positive impact of any good news.
And I think whoever tries to control the PPS at .1 level reads this board as well..
I have to admit that this stock has been an mazing case study for me.
Can’t wait to see the end result.
It’s funny how they are trying to hide the ticker before the formal merger.
This certainly has been my most interesting stock that I bought so far. And it should be the most rewarding.
We are almost there..
Boommm indeed!!!
that was my first thought when I saw that message.
I agree. Usually, upside moves happen in a very short period of time compared to consolidation periods.
It will only take couple of weeks max for this to hit a dollar when the real move starts.
Market will eventually catch up with this gem, this won't be sitting here for long.
$20M market cap for this is ridiculous..
Lee doesn’t own the shared directly. Saean Inc owns the shares and Lee owns Saean Inc.
I like the news. Looks like the repeat of 8K but it is not,
giving some nice hints about the future.
we just need one 1M shares volume day to the upside, huge base has been built at .1 area. Move to the upside should be much faster than people think..
C'mon give us the real catalyst!!
thank you as always
Chen what is Ian Dixon's job in the company besides being the president on the paper?
he just filed a custodianship for another public company wondering if that is related to Saean's one of other subsidiaries
Welcome to the otc. It’s pretty common actually
Maybe 200-500 penny traders and insiders know that merger is coming. That’s not everyone.
I definitely agree with you.
That’s the only logical explanation combined with the MM manipulation desperately to keep the PPS at $.10
This is the most important part of the news for me.
"Both have agreed to work together in the future where DBA SAEAN EV MOTORS will become an R&D partner as well as a distributor of products via one of its subsidiaries known as dba SAEAN ENERGY USA."
confirmation that other Saean Businesses will go under this ticker.
Bulls are back in full control,today confirmation of the sellers gone..
This is not a pump and dump stock; the merging company is real and DD here is solid.
The company also updates shareholders mostly with 8-k filings; they can’t lie with 8-k filings
Just research SAEAN and the management team. Your attorney is right with most of the pinksheet stocks being junks but there are exceptions and this is one of them.
Looks like finally the seller(s) seem to be done.
We should start going up from here.
With the news and updates the new 52 week high will be tested pretty fast.
Hold your horses there.
I’m not saying that the company is DEFINITELY buying; what I’m saying is they MIGHT be buying.
Second of all, I was the first person of raising the question about the possibility of a R/S. I don’t know how long have you been here but go back to june and july and you will see my posts about that.
I made my point and waiting , unlike you I’m not talking about it day in and day out.
Because it won’t change anything. Either they will do it or they won’t.
If you think they will, you should get out, if not you need to continue to hold.
And we won’t know until filings hit.
It’s all speculation. But, if we see huge buying volume on october 11-20 , it will strengthen the hypothesis.
No it is; we had this discussion before several times.
Is it a coincidence that first breakout with high volume dates in august coincide with the first note day?
Imo they spent $300k to buy shares in open market.
And if they want to spend another $600K to buy shares, would they want the pps to be low or to be high AT THE MOMENT?
We are not talking about the future PPS here.
I agree, we should see 1-2 updates a week soon..
Through news and filings..
I still think that the company is trying to drop the PPS on purpose.
1st news was disappointment for many ( retrofit)
2nd news with the “collaboration” also didn’t help.
Thirdly, they promised the website in 7-10 days and it’s been two weeks , so far nothing.
So why is the company trying to drop the price?
Another user really opened my eyes. I looked at the chart around august 11. $300k to be sent within 3 days of august 11 with the first note.
Look at the chart, is the spike on august 15,19 and 20 a coincidence?
Now that $600k is due by oct 11 with the second note.
Imo they used $300k to buy shares at open market.
Are they gonna use $600k to buy the stocks again?
It’s all speculation of course.
We’ll soon find out.
No they are regular investors, nothing to do with PIPE. Pipe will be a financial institution
Please let us know if you read or hear an update about that especially if they received EMPM shares.
If Koreans get EMPM shares that will be a very strong case against R/S because Lee won't screw them.
This is not his company, Lee calls the shots here.
You need to decide whether you are in this stock because of LEE and SAEAN.
Sawyer and the other guys are helping LEE.
Ian Dixon will do what he is told, he won't make major decisions which will impact the Nasdaq uplisting.
Do you really believe that he will issue himself shares and dump it on the market while LEE is trying to take this company to Nasdaq?
And if people are confused about the merger.. The last two news seems like a partnership rather than merger right?
Ask these questions to yourself.
1) why did the Korean shareholders convert their shares into a US company?
2) and which US company did they convert shares into?
If there was no merger there wouldn't be a need for share swap right?
Step by step moves confirm the DD , through APO SAEAN Group will eventually merge into EMPM
It says collaboration instead of merger, and people can't comprehend it and getting confused which is normal. They have a plan, they have their timeline and they are sticking to it.
the DD is way ahead of the developments
Are you a fricking a joke?
Do you know what dba is?
Name change is in the process, until it’s approved by finra which takes time they will use dba.
I ran a business for 12 years, I had an LLC but used a dba for public.
It means “doing business as”.
They naturally don’t wanna use empire media and will use saeanev as dba..
C’mon now...
The games played here by MM's are interesting..
put a wall at the ask, make it look weak. Shop for shares.
If anybody hits the ask, remove the fake ask and wait until the buying stalls.
Repeat the process..
That’s their only purpose, to confuse the newbies and frustrate the longs.
Best thing is to ignore them; they don’t add value; don’t contribute to any DD, feed off others..
Parasites in a human form..
Now , you are starting to show your real face. LOL
You have 30 years of DD experience and basically can’t understand the difference between EMPM float and korean shares.
Keep up the good dd.
The management percentage has nothing to do with EMPM float. It is related to korean shares.
That’s where that poster is making the mistake.
He/she is confused about the 60million korean shares and 60 empm shares( which we own).