Wednesday, October 20, 2010 12:23:30 PM
I'm not sure what the big deal is about any monies or "payments" that are or are not paid. One should review what the Board of Directors are and what is their power. Just google it.
They are the ones who control (or spend) the shareholders money and are "the highest authority in the management of the corporation". They are the ones who basically hire the other officers (CEO, president, etc, etc) and of course the big chief is the Chairman of the Board.
Statements like "too many insiders serving as directors will mean that the board will tend to make decisions more beneficial to management" will be found from the googling definitions. This description easily can be included with nothing but the same people or family. One has to ask themselves who are the Chairman of the Board for both BNPD and BEHL and the officers he is electing and who has the power (or shareholders money).
Now the quote from a PR for BNPD is:
"The executive management team is currently being finalized. However, it is confirmed that BEHL's President, Monique Berry, has accepted the position of CEO, Daniel J. Kennedy has accepted the position of President as well as Dennis Fisher as Chairman of the Board."
Now a reverse "razzle dazzle" card is being played with the shell purchase of BNPD along with having the kind of promoters that BEHL/BNPD has right now (ones who have nothing but financial gain for promoting) and along with what kind of promoters have they had (ones closed down by the authorities).
Now there are always followers to these type of promoters, question is, does one want to be one of them and give their money to the manipulation of others. But I don't see these so called "payments" have much importance other than recognizing that "payments" called as such or not, are only coming from current shareholders and maybe from future shareholders of BNPD.
Everything of course may be just my view and are only my opinion.
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