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Tuesday, March 09, 2010 6:15:15 PM
Personally, I believe SH sent in the name change, however, I’m beginning to think FINRA doesn’t like the way the business structure is set-up with two companies (one private and one public) with the exact same names and chartered in two different states. This to me is a blatant attempt to confuse the investing public thinking the company is larger than what it really is. Also, as I have questioned in a previous message, “what happens to the equity in the public company if it is de-listed?” A business arrangement as such would surly make it easy to divert value to the private company and the bond holders, preferred and common share holders would have nothing to recover from the public company.
Until SH returns to a FULL disclosure policy, he is going to have a difficult time recovering his honor. This alone leads me to believe that his aim is to run the company into the ground. He is showing absolutely no interest in making this company succeed.
Looking forward to your findings,
Schlumpy
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