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Poor Man -

04/13/23 12:53 PM

#585032 RE: CrashOverride #585024

By definition, their conflicts of interest via Advent, Toucan and managerial control create serious misalignment with common shareholders. To suggest otherwise is absurd on its face. Conflicts=Misalignment.

Les is a disappointment, and I too would otherwise expect more from him. But lawyers are in the habit of representing their clients. So maybe doing what ever is asked of him is his ethic? And It’s not clear to me that he’s not compensated by Toucan as well.
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HappyLibrarian

04/13/23 1:06 PM

#585039 RE: CrashOverride #585024

Absurd to suggest that Linda Powers who owns about 100 million common shares isn't aligned with common shareholders.



The misalignment can be found in how much Linda Powers pays for those shares (or perhaps does not pay) compared to common shareholders and to what extent she can insulate herself from dilution by having an outsized role in executive compensation whereas regular shareholders can only fight dilution by risking more or their limited resources. Naturally there is a great knowledge differential that allows Ms. Powers to stay invested and acquire more with greater confidence than the average shareholder.

This all means that at least when in comes to unlocking shareholder value in a reasonable time frame, Ms. Powers has significantly different needs and interests than most other shareholders and that represents a misalignment.

To suggest otherwise is what is absurd.