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Wednesday, February 03, 2016 9:08:18 AM
A sincere CONGRATULATIONS to the company for finally getting rid of this cancer - clearly having a former CEO of an SEC suspended company (EVSO) as their ONLY independent director on the board for the last 4-1/2 years (at ~$120k per year) has been a liability for them. Perhaps they can now move on. The only question in "HINES-sight" is why it took them so long - still - happy to see him go!
One of the remaining legacies of Robert Hines is that he is still a significant holder of the Series AA Preferred shares - he holds (as of last year's 10K) 20,000 shares which the report states equates to a voting power of about 19% since these preferred shares have a 10,000 to 1 (common share) voting rights. I will be curious to see how the Company manages that situation.
footnote: His resignation letter states Dec 31, 2015, yet the company says they received it on Jan 29 - why the delay on filing the 8K?
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