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Burn Notice88

08/15/14 10:44 AM

#75951 RE: FullDeck #75950

Thanks for the definition of "control shareholder." Yep, that about sums it up for Sal's role. This snippet from Angel also Sums up Sal and the capacity in which he will be serving in moving the company forward...

"...His background is M&A. His pedigree is Purdue and Duke, with the commensurate professional network that compliments this background and experience. This is all relevant to going forward plans.

Recall if you will the primary reasons behind the modified share structure. Sal is serving within the interests of the organization and shareholders, while furthering the strategies to limit outside harm. He is an ally..."
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Vapobag

08/15/14 10:47 AM

#75952 RE: FullDeck #75950

Purely my speculation but I suspect that Sal's RIGH shares will be retired after the formation of Genius Biotech at which point his ownership will be in the new subsidiary.

Again, purely speculation so take it for what it's worth.