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Wednesday, July 31, 2013 12:42:23 PM
This got me to thinking about the demise of our firm's President. It is not a question of if but when. Given his age, it will be sooner rather than later. This begs a serious question to me, a small shareholder, and should be a concern to the bigger ones too.
From what I see, Herzog in the only one in front of the cameras (the GreenSafe ground breaking), on the radio (the Big Biz show) and the author of all of the press releases. There is very little out in the media about Sohail.
So, when HH kicks off his mortal coil, who runs the show?
We only have a board of two persons that does not have a proven history of governance.
As for the question of taxes, I see that Bergamo publicly reported the receipt of cash, the recording of great revenue and an estimate of taxes to mid-September 2012.
Have these taxes been paid seeing that it is after the year end?
I suspect the IRS would want to be paid especially when we have said we have oodles of profits and cash.
Speaking of which, where are the year end numbers?
I mentioned once before about the future release of the $ 88 million. Virtually all of it will go to Hillard and Sohail to pay off what the Board (solely) agreed to pay them. By my recogning, they each will pay about $ 16 million to Uncle Sam.
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