I am so upset with myself; I had a long post ready to send and I lost it
somehow to god knows where. So if you find it someplace all the better.
The point I was trying to make is that Roger, Ben and Larry should give
up (or gift or transfer somehow) or offer to a new leader (CEO) a large
number of their shares (common or preferred) in an equity position .
The stock rewarded to management back in Jan 2021 for what I will
never know (outstanding performance ?) at a value of $3.5M ) .
Roger, in particular, has made himself a wealthy man and could do this
himself; greed is a powerful motivator. Not sure about his landscape
snow plowing business if it is profitable; I imagine he pays himself well.
His claim is that he kept the old company (Technical Ventures) TEVT
somehow still viable and some how along with fancy lawyer they assigned
a huge number of treasury stock and kept a giant chunk of it themselves
when they, like Lazarus, they resurrected the long quiet company after
Frank Mortimer (Rogers dad) died with only Rogers small company
as the only asset; not sure how that works. But apparently the SEC
approved the deal. I also think Larry Leverton was involved as he was
Frank Mortimers long time sec-treas and probably helped Roger in his
his deal making. I was an early stock holder back then (1987) so am
familiar with the early company and also a friend of the family as I visited
them and the company several times while Frank was alive.
I am not implying any wrongdoing; only background information. What
am suggesting is a way to find compensation for finding a new person
to lead us as a public company and move us forward.
I wish I was computer savvy and could find the first half of this post that
I inadvertently lost before finishing and sending off. That would explain
better what my purpose of this post is.
