Your reputation is built on your actions.
Ask yourself this one question;
Based on what you see, as a shareholder, how do you really feel about Tom Scozzofava?
My answer; He has done nothing for shareholders.
This is what he has done;
He has paid for legacy debt with shareholder money.
He has saved Wisebuys from failure with shareholder money.
He has purchased Hacketts with shareholder money.(6 million dollars and Hacketts has 9 million in debt!)
He has purchased North Country with shareholder money.( We have yet to see their books!)
He has benefitted from shareholders with $260,000 salary and 100,000 Series E shares!
He has given friends and family wealth with shareholder money by converting worthless Wisebuys shares into Series C Seaway Shares at 4 bucks a share, over 5 million dollars!
"During the year ended December 31, 2007, the Company issued 84,414,911 shares of common stock in the first and second quarters of 2007 to officers and employees in exchange for services. The shares were valued at $2,214,904."
Further greed, this is really disgusting, Tom first;
"In the event of any liquidation, dissolution or winding up of the Corporation, holders of shares of Series E Preferred Stock shall be entitled to receive in a cash out of the assets of the Company, whether from capital or from earnings available for distribution to its stockholders, before any amount shall be paid to the holders of Company's Common Stock".
Then Series C shareholders;
Upon the liquidation, dissolution and winding up of the Corporation, the holders of the Series C Convertible Preferred Stock shall be entitled to receive in cash out of the assets of the Corporation, whether from capital or from earnings available for distribution to its stockholders, before any amount shall be paid to the holders of common stock, the sum of Four Dollars ($4.00) per share, after which the holders of Series C Convertible Preferred Stock shall have no share in the distribution
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