It is not that I think all company CEO's are out to rip off shareholders. I think some of the things that occur are due to bad decisions and/or flat out incompetence.
That being said, it is my opinion that company CEO's do not have a great deal of concern for share holders. Oh, they may pretend to, as it is necessary to have shareholders. But, they are driven by their own dreams and ambitions. Sometimes to the point of making bad decisions and/or sacrificing the share holder to achieve their own goal.
Tunnel vision? Not really. But if you don't have a decent amount of skepticism and are imbued with a totally positive and trusting outlook, you can lose a lot of money in a hurry, buying OTC stocks.
Part of the fun, playing the OTC, is to try and sift thru the garbage and discover a company that is on the up and up. I think STLK was and perhaps still is. But, bad decisions have put them in a very bad financial situation.
We will agree to disagree on the convertible notes and who owns them. I only see one related party note shown on the 10Q in the list of liabilities of the financial statement (part one). I also see related party loans noted there as well. They are both differentiated in the 10Q (part one)as different types of company liabilities.
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