At the time Mr. Ray was employed by EGPI Firecreek he had a perfectly clean background with the SEC. The fact that he left the company and years later ran into trouble for illegal actions which had nothing to do with EGPI Firecreek only compounds the ridiculousness of bringing up his name.
Additionally, making his son's guilty by association, when they have solid educational and business credentials, also adds to the ridiculousness of throwing their names into the pot.
At the end of the day, these preferred shares in question only have the value of voting rights. Not any true equity value. Duh!!!
As for the lawsuits, thank you for listing them out for us. It shows that the overwhelming portion of those suits came from businesses acquired by the company and not directly from actions by the company itself.
That's just the cost of doing business in a country where anyone can sue for any reason, even if it's several years after a company has been acquired by another company.