Wednesday, August 20, 2014 11:55:34 PM
Its because they have no shares to sell! Gerald has a whole 1% of the common stock and his dad has 2%.
At current prices thats what $1,000,000?
Why on earth would they sell that when Gerald can rake in 750K every 2 years by selling company shares and rewarding himself with bonuses on the investors dime?
What we have here is a serious principle-agent problem.
And now he wants us to approve a billion share increase because they don't have any more shares to pay their execs with!?
The funny thing is, this is a catch 22 - because they have almost no voting power because they have so little invested in the company.
How about we vote to curb Gerald's absurd salary bonus (mostly absurd because AMBS has ZERO positive cash flow) and instead give him a $70k salary with 200K in options that are restricted for 2 years.
Then lets see how quickly these absurd twitter comments lasts.
As an investor, I'm tired of watching the market be jerked around by Gerald.
And apparently so are the people on twitter!!!!
ECGI Holdings Announces LOI to Acquire Pacific Saddlery to Capitalize on $12.72 Billion Market Potential • ECGI • Jun 13, 2024 9:50 AM
Fifty 1 Labs, Inc. Announces Major Strategic Advancements and Shareholder Updates • CAFI • Jun 13, 2024 8:45 AM
Snakes & Lattes Opens Pop-Up Location at The Wellington Market in Toronto: A New Destination for Fun and Games - Thanks 'The Well', PepsiCo, Indie Pale House & All Sponsors & Partners for Their Commitment & Assistance Throughout The Process • FUNN • Jun 13, 2024 8:18 AM
HealthLynked Introduces Innovative Online Medical Record Request Form Using DocuSign • HLYK • Jun 12, 2024 8:00 AM
Ubiquitech Software Corp (OTC:UBQU) Posts $624,585 Quarterly Revenue - Largest Quarter Since 2018 • UBQU • Jun 11, 2024 10:13 AM
Element79 Gold Corp Files for OTCQB Uplisting, Provides Financial Update • ELEM • Jun 11, 2024 9:25 AM