Thursday, January 21, 2016 1:49:55 PM
It seems to me that if we deny management the authority to resolve court-mandated directives, then we effectively tie Hermann's hands.
And if I'm right, it would leave him with no choice but to declare bankruptcy.
When I read of shareholders preparing to deny Hermann much needed authority, I see micromanagers spitting out their contempt for an investment choice gone sour---maybe. One thing is for dead certain: If the court sees its demands still wanting resolution, the court will shut us down without batting an eyelash.
I will vote FOR the proposal, trusting that the billions of shares NOT needing issuance will be withheld. After all, the CEO of any stock I co-own is entitled to that measure of trust---at the very least. It is not for me to dictate how things should operate.
I am not a legal expert so each shareholder should do as seen fit.
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