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Re: APRAD39 post# 19929

Friday, 09/12/2008 2:16:22 AM

Friday, September 12, 2008 2:16:22 AM

Post# of 30354
It's the lack of fiduciary responsibility that's the problem with the DB account. No one had a problem with her helping the company. In fact I don't care that she got some shares for $.08. What I care about is the company continually and continually issued her shares for years and years all the while the stock was way above $.08. At any point that jerk-off CEO could have issued shares out of the treasury and got the going rate. Isn't that how shareholders help companies? The higher the share price the more readily liquidity is? Yet insted of issuing 1 million shares at say $.60, they issued them at $.08 and fully diluted the company.

Now there are no more shares to issue and the company has nothing to show for it, meanwhile the "non-insider" doc speaks of reverse splits. A reverse split that would only be necessary because the Herda/Barbato relationship.

This is clearly a case of manipulation by the very people the shareholders trusted. There's a reason why so many people are pissed. When guys like tom8toes switch sides you know they f-ed with everyone and even those in the know took it in the nuts. Returning the shares to the treasury would be a great sentence at the verdict.

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