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c7bk

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c7bk

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Re: everett7 post# 1472

Saturday, 02/06/2010 11:53:55 AM

Saturday, February 06, 2010 11:53:55 AM

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Not when the Board of Directors own more than 50% of shares.

My guess is they did this to screw the backers that guaranteed the Bank of America loan a year and a half ago. They screwed them from their convertables which would have given them control of company. Shareholder just plain got screwed. Just a theory.

They also could have done it to raise money selling new shares like most stinky pinkies do. Taking O/S to 27 shares should be illegal because no matter what their logic was they screwed investors.

IMHO BWTFDIK!

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