Bonjour, Monty. I just finished a trade commissioners meeting you would have enjoyed. Four fellow countrymen (male and female) of yours there and, as you would expect, they were quite competent and engaged. France seems quite interested in UAVs. It was busy but stimulating. So I was out of it for several days. Thot I would pop in here and see what is up.
What is interesting to me is that no one is discussing the implications of governance. As far as I can tell the only director we presently have is Glenn. I know an 8-K said Dennis was but I never heard him say that or attend meetings. Maybe he did and didn't say anything but I just had no independent confirmation he was a director and he and I still correspond as former coworkers. I always wondered if the 8-K was mistaken.
So we have one, maybe two directors left. I once read that if you are the last director you aren't even allowed to resign. So it seems likely to me that Glenn is in full control and has full responsibility for the company. What are his options? All I can think of is another funding or BK. Perhaps a merger or acquisition? That makes four options--are there more? The Puma buying might mean that Glenn, David and other former staff have close to a controlling interest if Puma did represent a cohesive, intentional buying group and not some strange outlier purchasers. I just don't know. I am not suggesting that any of those four options are good for shareholders. Just keeping the brain in the game.
Thanks for what you have done to make the world a better place, Monty. Best wishes and safety to you. I do remember I promised to mention when the lawyers are done. They aren't yet. :<(
AI
