Captain...the first part is a contemplated action based on a contractual requirement..
The second part is the statement of a nervous liar trying to survive. A CEO that does not even know what he is required to do under the contract.. nervous because he knows that he is under the gun from practically everone, stock-holders and BOD. A fellow out to try and get more shares authorized so that he can get some more and better profit from the position that he accepted as CEO.
Nervous because the star product is not selling worth a damn, and the company itself is on the brink of going toes up from lack of funds. Nervous because he felt the need to take a large loan with 33% interest rate, with a killer penalty clause. Nervous because he knows or suspects that the SEC is closely watching. Nervous because his reliable source of funds has quit on him, and left him to 'twist in the wind".. most likely secretly encouraged by MP to do so.
Crook that he no doot is, he was the Patsy for MP et al. Maybe since he is gone, we can cut him a bit of slack?
No need to keep after him..unless you somehow know a good reason to do so??? Like maybe you have word that he is out to file suit or spill some beans or something?? Trying to further discredit him ahead of time??
CAPTAIN, you are a devious fellow.
