Have I said worthless? I'm saying that he is destroying the stock - book value pr share down 20%... I've also repeated over and over again that I believe that he will distribute the 18.6% eventually, but what is OUR stock worth then? Keep in mind that shareholder's equity isn't destroyed, it is the value of each individual share that is destroyed, so if Solomon just maintains his %-ownership (through employment agreement and/or convertion of a-share) he will not suffer AT ALL, but we will... If he had made sure that he suffered like us, instead of compensating for it, he would have gained a lot of credibility (and the PPS would also be a lot higher, being anti-dilutive as well)
what is it you hope to accomplish? I can not understand that
From what? In general I want to get us much facts and opinion (with valid arguments, not just opinions based as facts) on the table. From this discussion? The same - get to know what our options are and what the different outcomes can be. A nice bonus - if Peter or someone reads the board - would be for Solomon to realize that he's gone to far this time, and maybe correct some of the mistakes that he has made (only issue stock at 2% of book as a ABSOLUTE last resort, stop BSing us and hiding the bad, redo the old employment agreement back to what is was, redo the new employment agreement to something that is edible etc).
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