Followers | 218 |
Posts | 38765 |
Boards Moderated | 0 |
Alias Born | 04/29/2008 |
![](https://investorshub.advfn.com/uicon/124390.png?cb=1464966392)
Sunday, February 05, 2012 6:56:54 AM
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
FEATURED ECGI Holdings Enhances Board with Artificial Intelligence (AI) Expert Ahead of Allon Apparel Launch • Jul 10, 2024 8:30 AM
Avant Technologies to Meet Unmet Needs in AI Industry While Addressing Sustainability Concerns • AVAI • Jul 10, 2024 8:00 AM
Panther Minerals Inc. Launches Investor Connect AI Chatbot for Enhanced Investor Engagement and Lead Generation • PURR • Jul 9, 2024 9:00 AM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM