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Re: DJ Ponder post# 82547

Tuesday, 07/15/2014 1:12:57 PM

Tuesday, July 15, 2014 1:12:57 PM

Post# of 123645
It really is DJ. I'm shocked that more people aren't realizing it or perhaps they're just delusional and caught up in the "gambling" aspect of pennies and the ability to pull in some newbies to get a tiny PPS increase and get out. I would suggest one thing to you. Go read the last few 10Ks from 2009-2010. The amount of money the family took out of this company in cash and stock is astonishing. It also appears they never put in a nickel. No additional capital, no release of funds due. Heck Magrit even negotiated a $405,000 severance for the eight months she left in addition to the $200,000 salary she took. And if you look at the governance, she did the deal with herself! Talk about conflict of interest. There were no other board members outside of her siblings. They probably did they deal then hacked up the cash and stock as the goodfellas would say.