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Friday, February 10, 2012 12:56:32 PM
I am in favor 100%, just don't see how it works?
If Kellett purchased 19.9% of the company thru traditional stock transaction, they would be eligible for the stock offer as well. Very difficult to distinguish one stock holder from another, we purchased our shares, so did they.
If anyone could gain control over this company, with majority of the voting rights, they could offer more stock, accept a low bid from an outside buyer, change bi-laws to meet their own agenda. Very tricky pill for the courts to swallow, this poison one.
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