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Re: Sebago post# 24069

Friday, 05/04/2012 11:59:36 PM

Friday, May 04, 2012 11:59:36 PM

Post# of 34405
That makes a lot of sense, Sebago. Art was one of the key 3 or 4 people in POWN and his loss could very well trigger a major re-alignment of ownership for his substantial (over 10%, right?) share of POWN stock. Not only was he the COO and legal eagle, he was also probably a decades-long friend and counsel for Stan and Gil, so they may be missing his inputs greatly over the coming months.

This may well lead to a period of time in which no major new POWN initiative or change in direction occurs until a new exec is found to replace Art & until the final disposition of his 18 million shares is determined. One obit mentioned he had a "son and business partner" so he may take a more active role in POWN, should he be both interested and competent.

Sorry I have not been keeping up with all the POWN details recently so much of this may be no longer relevant.
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