Thursday, September 08, 2016 3:29:17 PM
I am still a Board member and the Chairmen of the Board, I agreed to resign but not immediately like they claim. To officially resign, it must be in writing which it never was. Dan Judd s also a Board member and has been pressured to resign. I have not had any Special Board meetings nor any Board meetings after I left the company nor had Dan Judd after he left.
Whatever actions they are taking may not be legal in my opinion and not to the benefit of the company. We have never voted on anything to my knowledge. The company is in liquidation mode and there is too much conflict of interest. Doubling the amount of shares at a discounted rate in order to have complete control is theft also in my opinion.
I have seen this happen when I merged my company into Sitestar and other management took over. My large ownership position was diluted and the share price crashed to under a penny. That other management also created a separate company, borrowed money, invested it into different things and to this day, I don't know where that money went. I hope this doesn't happen here.
There is no reason to issue more shares as they have enough cash. They kicked out the renters from the rental properties and sold most of the properties. There isn't going to be much of a business left soon. This HVAC business makes no sense. Does anyone in management know anything about that business?
I for one am not going to vote these guys in on the Proxy. I am not sure that they even have proper authorization to even hold the vote. Why would they need to? They have complete control.
Frank
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