9horse- he doesn't have the votes. Not even close. But since he has the reins he can create scenarios where that seems like the only parachute available. BUT any vote would have to deal with DMRJ's instant conversion. They convert debt to shares and they have too much power for anyone to overcome. However, they would have to get in line as a creditor if they sunk the boat as they might get the fax machine out of the deal.
My other take on Drs.McGann&Jones, they both had 1 million share bonus awaiting if they brought in new investment to IMSC, so the first human rule kicks in: I eat, then what ever is leftover is for you.
This may be a plausible explanation for the BOD's actions as CEO B. had one plan, Dr.McGann had another and Dr. Jones had one more. Likely, we will never know and frankly, its better we don't know the sordid details. One might think, there is not enough to fight over when evaluating IMSC's prospects, this weeks events says: there is plenty to fight over inside IMSC. That thought leads me to believe that Drs.McGann and Jones see much greater value ahead for a fully developed IMSC and an quicky reward for each by cutting the DMRJ knot. Its gonna take alot of shares to do that. But at least, we'll know the amount of shares every qtr. is NOT going to grow.
