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Friday, July 31, 2020 1:11:33 AM
To fix the share structure immediately is a terrific way out of potentially being considered a serial pickpocket of shareholders for the balance of a lifetime, as was the case.
I have kicked this around with an ethics professional and there was overwhelming concurrence, as a perfect way of transparently undoing the blatant sins of the past, with little or no risk, high odds of major wealth gain and to wipe the slate clean. The thought was that denial, defiance, guilt and fear prevailed for many years.
Now, it is just an integrity and moral issue to undo the past. That's why I call it just doing the right thing. 65 billion shares, tens of billions in IBEX, in fact, the majority, is far, far, far from the right thing.
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