exactly,
their legal counsel, their executive management indicated that they are meeting their fiduciary responsibilities to shareholders
but they made it specifically during end of 2016 thru now that if your a preferred shareholder they want to talk to you personally but if your a common shareholder they will not call you or talk to you and in this case when Mr. Chu was at that time the largest shareholder, he had to with less then a weeks notice drop everything he was doing get the most expensive short term flight go to NYC spend thousands in travel costs to meet with him when he just happens to be in NYC most likely trying to get financing for his private entities to expand instead of spending time finding a way to get regular bank financing for Box Ships.
ie he did not want to Skype conference call, call etc. was not willing to do even the Annual Shareholders meeting conference call as requested
you got the picture - their legal counsel told their mgmt. team to only respond to the one single item on Mr. Chu anti fiduciary acts and unlock the value of Box Ships memo that they could defend
ie Mr. Chu didn't drop everything and spend thousands to fly to NYC at less then weeks notice to hear the CEO give excuses vs making genuine actions to enhance shareholder value
Mr. Chu is smart enough not to waste his time and money unless he believed the meeting invite was to genuinely work with the common shareholders to grow the PPS of the company and stop the transfer of wealth to the CEO's private entities to grow his own businesses
your sarcasm is well based on 100% correct
no common shareholder has successfully since that memo got a meeting set up yet to do a face to face meeting with them even in Athens/Voula Greece although Smilley is still I believe making attempts to do so while she in Greece with business and personal business
I hope she succeeds as we got a batch of issues for her to get information for the shareholder group forming
I counted the % - its a powerful 38% not 50% yet so we need more of you out there once the time is needed to hit the 51% mark and make a real difference when it will matter
If you call them up and say your a Preferred Shareholder - they will actually call you back and talk to you
this is a clear violation of their executive managements responses , their Company Legal Counsel responses that they themselves say are looking out for the fiduciary responsibility of shareholders when they are internally saying Preferred Shareholders of which the CEO Niege International company owns most of the Preferred Shares
are you all angry out there - if you are not I am sure you are outraged at their actions
they cannot I repeat cannot defend their anti-fiduciary acts already committed IMHO its baseless those allegations that they are meeting their fiduciary responsibility to the common shareholders
the mgmt. and their legal counsel are IMHO making baseless routine pre-constructed standard language to throw out to the common shareholders and internally violating them every single day
Ok I am off the Soap Box for the day
time to relax and enjoy the weekend
