Replies to post #35694 on Cytogenix (fka CYGX)

[thaliowizard]

David02835,
Its really simple. The CFO sells the Cygx stock thru PPO offerings. Over the years a closed group has been formed. That closed group owns the majority of the outstanding and trading stock. The PPO buyers do what the Cygx management want them to do. The management determines who will serve on the board of directors. Of course Malcolm, Lawrence, and frank are on the board. They control the majority of the shares, the management structure, and the board of directors. The rest of the dtockholders are immaterial. This structure makes it very easy to increase salaries and stock options. The stockholders meeting is just a formal and is required per the corporation by'laws. I did find out that they did not furnish coffee at the meeting.