Why Management will eventually release Outstanding shares and a form 10 or 10K, …money. As ASUS detailed below, there are probably significant expenditures on PBLS Management personnel now. Bonuses, stock incentives, high salaries and freebies such as automobiles. I would find it hard to disagree with his premise as IMO, they are eating through net profits by means of the Preferred Shares. This aspect rightfully should create concern among Common shareholders.
Disagreement with ASUS would come based on Management obtaining a huge return for themselves at some point and the sooner the better. Financially, they get by now and enjoy their current perks but the real incentive they can hold in their hands, but can’t yet spend. That incentive is the same item that is eroding our Net Profits, those Preferred Shares. PBLS is only a vehicle to create wealth for them and I doubt they are getting wealthy on their current setup.
Every firm I have worked in, the motivated Management wanted a “home run” to accompany their salaries and bonuses. If the reality of that “homer” left, so did they for another opportunity. You have to have greedy Managers if they have talent. In reviewing the Management for the past year you see extreme stability and virtually no turnover. They still have sight of the “homer”.
I almost see today’s PR as an opening salvo too not only apprise us “commoner shareholders” of the firm’s status but to start in motion the appreciation of the share price. They will get their bonuses and perks and we may gripe a bit but what they really want is multi-millions and that potential return lies with the price of the stock. I think the price will start heading up.
AIMVHO
Airdale
This post is an opinion and should not be considered reason to buy or sell any security, or to besmirch, belittle or berate any person, religion, cult, creed, race, sex, political party, company or company representative of any age or appearance.
AI
