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Chocolate Al

05/12/14 3:31 PM

#16380 RE: majorpain #16379

Cut ties with current management.

Seriously.... i wonder if they could r/S the 10 million shares of preferred stock into a much smaller number of "super shares" with voting rights, and then distribute them to management. There's just something about watching your investment diluted into oblivion while management continues to authorize and issue shares to themselves "just to maintain an ownership interest."

It would clear up a lot of the resentment from investors, IMO. If they did away with common stock compensation to execs, it would also make the total amount of compensation that mgmt is getting a lot clearer.

It would also allow management to surrender huge blocks of outstanding shares that they already own. Same principle as a share buyback, but with out OWOO actually spending any $$$$. It shouldn't be a problem if OWOO mgmt was really just issuing to themselves to maintain a majority.