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Re: 05gtoman post# 153526

Saturday, 06/06/2009 9:54:36 PM

Saturday, June 06, 2009 9:54:36 PM

Post# of 192592
I hate to say it, but just like when you finance your car and the bank owns it till you are paid off, if you offer your company up for shares of stock, it is no longer yours. Oh you may own the controlling percentage of shares, but once you do what Jarad has done, you now are obligated to answer to your board, to your share holders, and to the SEC. I had this very problem with a company I sat on the board of in Houston. There came a point where the CEO lost the majority of the share control. He was running everyone into the ground, and subsequently was fired... from the company he created. This is the way of the publicly traded world. So we are entitled to remittence for what this CEO has done to a great many of us that have been here for a long time.
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