I understand what they seem to have been used for....but that does not clarify the issues at hand.
1. At the time of the vote.... Did Scaglione and Goldberg own all of the shares.... And what about the ownership by the entities.
2. If you add in the 300 million shares that would cover the OTHER entity.... Whether they were sold or not....that leaves only 400 million total shares that were available to distribute....
What bugs me is mexp stating that management didn't own any preferred shares.... And then down in the following fine print disclosed the ownership by the related entities... That were not disclosed as related entities.... You had to do some digging to find that out.
Is it ethical?
Not for me to judge....
Just with the TA gagged for good measure.... Doesn't look or feel right To me....