I know some have said that this issue of a super share is NOT that uncommon for corporations. Many wish to keep control and not let wild shareholder issues get traction to the detriment of the corporation. I understand this.
However!!!!! The dangers of this super share, as Chasedog has so well stated, shows us the potential abuse that can happen in such a situation. We see it in the latest filing.
Its unconscionable that a $5000 expense could be taken as a 40 Million share "gift" - and no one can do anything about it. Should this issue NDTP, get out of CE HELL, this represents a $200 MILLION payday at the previously $5 a share price.
Wish I could spend $5000 and get $200,000,000. Not even bank robbers can do as well.
Unfortunately, the super vote carries with it an additional 300 Million votes so that NO ONE, I repeat, NO ONE can over ride whatever this CEO wants.
The time is rapidly approaching where LEGAL ACTION is warranted to wrest control back to us so that we can make this company actually perform. I believe PUNATIVE DAMAGES are also in order.
This house needs to get itself in order and FAST!
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