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Sunday, June 12, 2011 8:44:34 PM
Very uncomfortable with him owning 50% of the shares. I'm sure many of the share sales were done in order to provide cash flow for financing, he may in fact have used the. Proceeds to loan the company money, or put up as security for a loan all what was hi selling price. I think.16% stake os still quote significant , according to you today he has approximately 2.7 million dollars worth of equity, two weeks ago he Had over 5 or 6 at one point, which would you rather have.
Do you think he is in it instead for the relatively measly salary he is paying himself, again in shares around 300k or so. I don't think so, if we hit .25 cents and he dumps all his shares then let me know, because I will follow his example then, but until then you've got nothing!
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