If he has to do multiple votes in a row to "get what he wants"....in response to a clear decision by stockholders...can not imagine that would look good being argued in some sort of class action court case if it ever happened with the cost of each vote putting us further in the hole on top of all the other poor financial spending decisions. That is, redoing the vote over and over rather then finding a plan B to protect current shareholder equity and assets and digging us out of this as an alternative to a RS. That is, respecting the will and vote of stockholders he is supposed to be serving not ordering what to do.
Plus, just the fact that there has been ZERO cut back in salary and expenses with the industry slump and lack of producing meaningful revenues seems negligent as a CEO and is putting the entire company in serious financial jeopardy to benefit himself salary wise.(this is the big elephant in the room IMHO with fiduciary duties the way I understand it continuing with his current level of pay...especially now considering all the additional info he submitted for the second vote if he continues his current pay level) Or, as someone said, maybe he could take some of that 240k and just buy some stock on the open market to get the vote and increase the stock price? Ya, lol...good luck with that...thats not going to happen.
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