You are right. He could vote against increasing the authorised so he can get 20% interest per year. We all must voting yes to insure that does not happen.
" Either increase the authorized shares or start paying Nasrat a quarterly dividend of $1.2 million. So go ahead and vote no. That'll really show him (about $5 mill per year)."
Does this seem SELFSERVING at the expense of the shareholders ????????????
Does this seem like the CEO is looking out for OUR best interest ?????????
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