What I don’t understand is how the Estate holding 45M shares are no longer listed as a beneficiary owner. If you compare beneficial owners in the two 10Ks 2017 and 2018 the Louis estate isn’t listed in the latest.
EECPFAN - I dont know how they liquidated without filing but as someone was trying to explain to me - it had to do with the way the trust/estate was probably set up and the distributions were made. As O'Brien pointed out - the estate is no longer listed as a majority owner which suggests the selling has been from the liquidation of the estate.
Whether or not they are or arent - bigger issue remains the company's complete refusal to address it. Heirs age over value or potential of the investment they inherited - fine. Makes sense they have to liquidate. But exec compensation has done nothing but increase at a ridiculous rate relative to bottom line results not to mention stock price. Again, not discussed by mgmt. They shot down shareholders in last CC they had that tried to discuss it. The cost cutting was critical but it ahould never have gotten to that point and they haven't committed to long term profitability.
Anyone attend the Chicago show VASO exhibited at last week?
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