One thing I forgot to point out in my letter: the officers have no right to make that request, as they no longer control the company.
Oh yes, they do. It's called positional authority. Insiders don't need to hold the majority of shares to run a company. Outsiders though could ban together and vote these jokers out.
----- "We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful." -- Warren Buffett