Hi Grease
I share your concern and your points are well taken.
The CEO owns 11,780,000 shares or about 24.4%
He has options based on convertible preferred shares. I believe that occurred after the CEO bought into toxic financing which severely affected the company and there was an existential threat that the note holders would take over the company. IMO the CEO showed bad judgement in trusting a certain individual. The CEO was able to overcome that fiasco and due to caution or paranoia?, he created that preferred poison pill to prevent a takeover. Since he already owns close to 25%, I doubt that he would want any dilution.
As for the new BOD, I can only surmise that finding experienced people to guide a nano cap company is very difficult. If he can structure financial deals that lead to increased eps without dilution it may be very well worth it.
Perhaps someone else more versed in these areas can chime in.
The bottom line is that AMPG is in a growth industry and has focused on growth. Check out the latest acquisition, without share dilution, and the results of the last 4 quarters.
Hope this helps and thanks for checking out AMPG
Mike
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