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Re: DikFritz post# 29690

Thursday, 12/21/2023 7:31:53 PM

Thursday, December 21, 2023 7:31:53 PM

Post# of 32227
It reads as a consistent picture though. These ding dongs are at their first Nasdaq uplist rodeo and it's showing. At least they've been talking to the right people or filling out the S-1 filing because in damn near all cases, more than half of the board members have to be independent, i.e., no substantial business relationships; no family ties, no significant financial interest, no recent employment, etc.

We *had* 9 board members, none of them meeting the criterion of "independent". 18 board members is bonkers for any IPO, let alone $ASKH. So, the scaling back to 2 ASKH members (Mark and Ralph) and 2 CIWM members (Dun & I forget who) "balances" the power between ASKH and CIWM, as well as obviates the need for 18 fooking board members. Looks like they are targeting to have 8 board members. #AdAstraPerAspera