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Re: Stock post# 163485

Sunday, 02/05/2012 6:56:54 AM

Sunday, February 05, 2012 6:56:54 AM

Post# of 312016
And the shares, at least the initial group, were not returned as in freely given for no consideration. They were exchanged for voting control over the stock.

That is akin in some ways to you giving me $10,000 and me giving you signing authority over my bank account that I'm going to put another million dollars in over the next 5 years. It may not make sense for you to take any money out while the account balance is low, but if you decide you want to empty it at any point, there's nothing I can do to stop you.

With absolute voting control, there's virtually nothing JB can't do to the common stock if he chooses. Certainly he's unlikely to do much while the company needs to sell shares to PIPEs to raise money, but IF the day comes when they no longer need to, or simply can't, I'm betting you'll see some pretty generous stock grants, or even some toxic forms of finanicing.

You know what they say about absolute power.

"The world is a dangerous place, not because of those who do evil, but because of those who look on and do nothing."
-- Albert Einstein