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eyeownu

05/21/24 12:44 PM

#23343 RE: gdog #23342

on top of that he is the majority shareholder. don't entertain this lop sided market maker. HONG has the most to gain and loose. this guys a Igno ramous
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Boxsterfan

05/21/24 12:45 PM

#23344 RE: gdog #23342

By definition, that's not risk. If Netlist goes BK tomorrow, he has $20M+. The Netlist hoi polloi have zero.
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FACT-MASTER

05/21/24 12:47 PM

#23347 RE: gdog #23342

"As the sole director, Chun K. Hong has significant control over all corporate decisions that may not be in the best interest of our other stockholders.


Our President, Chief Executive Officer and the sole member of our board of directors, Chun K. Hong, has the ability to exert substantial control over all matters requiring approval by our stockholders and our board of directors, including the election and removal of directors, any proposed merger, consolidation or sale of all or substantially all of our assets and other significant corporate transactions. This concentration of control could be disadvantageous to other stockholders with interests different from those of Mr. Hong."


https://www.sec.gov/ix?doc=/Archives/edgar/data/1282631/000155837024006807/nlst-20240330x10q.htm