Wednesday, May 23, 2018 3:07:44 PM
In other words, they control the vote. You get no say. They can increase their pay and share allotments. You get no say. They can invest in whatever they want to invest in. You get no say. They can never pay a dividend from now until the end of time. Again, you get no say. They can continue to run the Board as if it was a weekly poker group. Cigars for the boys, but none for the shareholders.
That's what concentration will do for you. Every percent less outstanding just concentrates their already considerable ownership even more. Tell me, when was the last time you voted on the Board of Directors? I have read every SEC filing. Maybe I missed it, but I don't remember seeing a proxy statement. When did I miss it?
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