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Re: reaper8555 post# 21367

Tuesday, 05/17/2016 10:02:06 AM

Tuesday, May 17, 2016 10:02:06 AM

Post# of 83496
You do understand Klug is the majority shareholder with 56% outstanding shares. In a nutshell, it is his company. Bc he owns 56% of o.s, he does not need the approval of any of the shareholders (i.e anyone of us) Just recently he (as maj share holder) he fired 3 directors and hired 3 to replace them. We can scream and kick all we want, at the end of the day the majority vote dictates the direction of the company. Klug's fiduciary duties goes only as far as the majority of shareholders allow him. Very simple stuff. So when you talk about being "critical" about this company, put this perspective in your equation.

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