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hedge_fun

06/01/12 9:22 AM

#23138 RE: joshgets46 #23137

He doesn't have to explain, and he doesn't have to have a reason to resign.

I am sure he wants his money but the last thing I would do would be to leave the BOD.



He is the BOD......he is the MAN.

He owns the 1 preferred share which is the FINAL VOTE. He also has 30-40% of the VSPC shares and could potentially have Karl removed as CEO if he got other shareholders with more than 50% total.

I doubt that would happen though. Even after a RS he still is in good shape with all those shares.

If you can PAY the NOTE, it might be best to MAN UP!!!
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hedge_fun

06/01/12 9:30 AM

#23139 RE: joshgets46 #23137

Some things are.....written in stone, huh?