No Bill,
Not at all. Guest, Ali, and Martinez have no desk drawer with 256 million shares.
Neither of the three have any association with the private company whatsoever. I know because I've checked.
In fact, the only good news about this whole "majority stakeholder" fluffy PR is the FACT that none of the three have their hands even remotely close to this private company.
Their only relationship to the private company is they are owned by them. Kinda like how someone with a home mortgage is "owned" by the bank who holds the note.
In my opinion, it's great they've got no reach into this company because they seem to pretty much kill any business they touch.
I wonder how long Guests mortgage servicing company that he's the president of will last. Do you find it odd that he's the CEO of this company and president of a Ca. loan servicing company too? I certainly do.
Anyway...look...if this private company extending their ownership is true it'll be good for shareholders AS LONG AS they actually buy shares and retire them. If they just give the company more cash in exchange for share issuances, convertibles notes and warrants then it'll literally wipe longs out.
Keep your fingers crossed I guess...because that's worked so well for so many of you so far.
AI
