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Re: PayDirt! post# 67899

Thursday, 10/04/2007 7:08:01 AM

Thursday, October 04, 2007 7:08:01 AM

Post# of 143047
advantage Garr, if it is only 2000 preferred shares? Garr (and other upper management) are only being paid with restricted common shares. R/S becomes necessary. Garr loses as has been said here many times just as we do. but wait Garr has 2000 preferred shares with 80 billion voting rights. R/S say 400-1 means the voting rights are reduced not the number of preferred. sooo....recognizing the hard work and leadership the company votes that Garr and associates should not suffer the huge loss. they have only been paid in retricted stock but they desire some consideration. we vote a large pay incease in restricted stock which equal what they have lost. note: THESE ARE SUPERVOTING PREFERRED not normal preferred which have no voting rights. WHO CONTROLS THE VOTE? Garr with 80 billion voting rights plus restricted common or retail shareholders with 6 or 8 billion?