Wednesday, June 29, 2011 2:51:19 AM
Many of you who are demanding Mark tell us what he intends to do with the increase in the A/S are fully aware that when a CEO of a Public Company enters a deal or partnership that involves the use of company assets there may any number of reasons the CEO cannot release “official” information to the public. The SEC home page is a good place to start to research the process and why it is in place.
The demand is unfair and many of you know it, by asking for the impossible you will always have something to bring up as a negative issue whenever it is convenient for your use. The man will tell us what he is going to do with the increase in the A/S as soon as he can.He has already indicated he will use the addition shares to grow the company, obviously he is unable to give any additional details at this time. Until the CEO is authorized to release this information, you know full well you can keep asking over and over and there is nothing Mark Leonard can do about it.
It’s perfect for those who want to take a stance on the AS increase issue. You have a perpetual doubt machine at your disposal that Mr. Leonard cannot turn off at the moment.
I think we need to post full disclosure requirements so everyone understands what the CEO must do before releasing such information.
What do you expect him to do, Issue a PR saying I’m going to make a deal with companies X, Y, and Z. We are going start our own financing company, and open 50 new stores. I’m going to pay them this much and it will all be done by Christmas. What about competitive advantage, timing the release of information to benefit stockholders, how about making sure he doesn’t violate any SEC regulations by making premature public announcements that could harm stockholders or cause claims against Tytan. But none of that matters right now all we want is answers; answers that cannot realistically be given at this time.
I would like to know what kind of response those of you are looking for, from Mark Leonard, in relation to the use of the A/S?
What could he say that would make you happy?
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