InvestorsHub Logo
Followers 54
Posts 2331
Boards Moderated 1
Alias Born 02/11/2010

Re: Tim13 post# 28800

Wednesday, 05/26/2010 6:04:35 PM

Wednesday, May 26, 2010 6:04:35 PM

Post# of 372936
This is something everyone needs to remember. Eric and Fred own COMMON SHARES. Just like you and I. This isn't a case of a CEO owning Class B voting shares where they can dilute or do reverse splits and other stuff that screw only the common share holders. Eric and Fred own the same shares we do. Eric owns about 92 MILLION shares... so about $4,500,000 worth. He's not going to do something that hurts shareholders because it would also hurt him, and at a level of magnitude more than most of us. It's in his own interest to do things that are in our own interest as well.

Unlike other pink scam companies that the CEO makes money by selling shares and paying themselves a huge salary, instead of growing the company... Eric is in the position of having the potential to make himself and his family incredibly wealthy by doing the RIGHT thing for all shareholders.

He's also been doing this for decades... it's clear he loves this industry and is going after his dreams with this company.