I am all for these guys getting rich. Lord knows he/they deserve it, but not at the shareholders expense.
Can you imagine what 265 million shares, pre-split, or 35% of the company will buy you when they completely build out the Padgett and Murphy-Nash leases, just to start. That is a lot of scratch.
They are asking the shareholders to get a root canal and an enema at the same time. No, thank you. The CEO's responsibility is to look out for the best interest of ALL the shareholders, not just A shareholder.
I knew my experience in working with high technology start ups, with founding entrepreneurs, would come in handy one day. I thought that nightmare was all in my rear view mirror. I thought I had seen it all, then this.
These kind of people do not take no for an answer. When you say no, that is when they start.
Thank God that there are people like that in the world, but sometime they just need to be roped in.
