InvestorsHub Logo
Followers 17
Posts 9584
Boards Moderated 0
Alias Born 04/22/2005

Re: None

Friday, 10/10/2008 10:26:54 AM

Friday, October 10, 2008 10:26:54 AM

Post# of 326350
.
The main reason they are lowering the Par Value is to issue options to management below or at the current market rate only…. The company can’t do it below %.01/share and management is owed big $$’s in compensation that has not been paid by YA….. what will happen is if approved, management will be issued Restricted stock that is in the money in Lieu of the $$s that are owed… YA can not vote more than their 4.5%... the Fritz family is a lynch pin …. As are the common holders ….



Its all about conserving additional cash requirements to keep MNG bolted on….

Dr. Mike