Friday, September 23, 2016 10:27:52 AM
It makes no sense the way they did it. The way he phrased more than one email is that there was a list of shareholders who got money and some didn't.
That means....
Shares were used as a means of distribution
Although debt is secured...shares are not. No shareholder is any more important than the other when it comes to distribution of assets. Debtors are...but not shareholders of common stock.
Yeah...I wrote other comments that I deleted before I sent them but he was the one who created this situation. I will be interested to see what he comes up with. My thought...
he will say he made a mistake and the distribution was not made on the basis of shares. However...
The distribution was written in a letter. Anyone wanting to press this legally would have proof that they messed up.
If anyone says they have an investment philosophy, remind them that a monkey picked a winning portfolio over a fund manager...then fling your poop at them.
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