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Monday, April 02, 2012 7:52:34 PM
I think he neads to buy back some shares for himself with his back pay that he hasn't given himself
With what cash? My understanding is that the back pay is essentially a loan to the company. It allowed him to put more cash flow into growing the company through new stores and web site promotion. That money is spent. I doubt that there's some account with all his back pay sitting in it.
The audit idea makes sense to me. I agree with Matthew on that, it would create trust, which would shoot the stock price much higher. But how much does an audit cost? If it's so much that it would delay new store openings by several months, then I'd think it would be better to open another store or two, and then start to audit.
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