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Re: ZJ Pick post# 63392

Wednesday, 09/17/2014 4:10:12 PM

Wednesday, September 17, 2014 4:10:12 PM

Post# of 76488
Michael Molen isn't going to be removed as CEO by James and Gaspard. They couldn't even if they wanted to, and I doubt they want to. They don't have the shareholder votes or seats on the board of directors. Molen brings to Gaspard a potential windfall of sales and an infusion of cash to expand production. Molen brings to James half of the financing to build the Allendale plant. If James could do it himself, don't you think he would? There is nothing wrong with the team assembled. I agree with Insidious that many supporters of the company have bailed because of concerns over the share structure, both common and preferred. Restricted shares eventually hit the market, preferred shares eventually get converted to common. How many are there? When the PPM conversion is done in two years, if sold out, it adds a billion shares of common stock. The authorized count has to be increased or R/S or something. Hopefully the value of the company is increased sufficiently to offset. They say you must know what you own....but you also need to know how much you actually own. It could be less than you think. This has concerned some here. If you lose some of your support, and if short sellers are hammering the stock, well, you see the result.