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abuhafsa

01/26/18 12:45 PM

#51135 RE: Simple Steve #51131

Excellent post. I am voting NO for any more share authorization. First they should all take a pay cut and return all of the shares they've robbed. Then move to a strictly performance based compensation plan. Then we can talk about you using us for your bottomless money pit.

ignatiusrielly35

01/26/18 1:01 PM

#51138 RE: Simple Steve #51131

Well I agree that a buyout would be preferable to any dilution, IF an offering became absolutely necessary. But you cannot negotiate a buyout effectively if the other side knows it’s your only option. It’s more complicated than just saying “hey you, Lombardo, sell the company on Craigslist.”

Mazo1

01/28/18 1:26 PM

#51430 RE: Simple Steve #51131

absolutely agree, knowing their basis behind the acquisition of more shares is relevant. without knowledge, it's like cattle being led to the slaughter house. It's always good to be in the know!. If their is no questioning, then that's when trouble arises.