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Re: imiloa post# 28373

Tuesday, 02/05/2013 5:10:21 PM

Tuesday, February 05, 2013 5:10:21 PM

Post# of 29028
Kenactiv means almost nothing to you. With old OPHI shareholders reduced down to only 3 percent, the amount of revenue means very little in way of dollar appreciation to your limited number of shares.

Kenactiv basically bought the "shell" shares for $230,000 per year (for 3 years via Billy's and Alan's employment contracts). Total cost of shell is $720,000 pay over 3 years.

Legally, I don't know how Billy and Alan got away with issuing 97% newly minted shares to vote for the merger. Seems to me this effectively cut out all shareholder rights to long time faithfuls (in exchange for free money to themselves).
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