Monday, April 27, 2020 2:32:49 PM
The CEO owns 70,000 shares of this stock which is less than 1%
Geils & Co LLC / Geils Ventures, LLC (owned by Alexander Minella) owns 4.295 millions shares which is 40%
Melodie Minella (which I assume is Alexander's wife) owns 850,000 shares which is 6.2%
Realistically, the Minella's own 46.2% of this company while the CEO has less than 1%. So the real question is what are the intentions of the Minella's? Are they going to let the CEO do whatever he wants for business? How much influence are they going to have on the stock i.e. have the CEO dilute to pay them anything? Are the Minella's going to use this as an ATM? That's what I'm trying to wrap my head around. Obviously the Minella's are venture capitalists, but they've got a lot of pull on this one against common shareholders.
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