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Rocketman320

12/18/13 6:28 AM

#5156 RE: Q-reus #5155

Actually, I do not know. I was a director of a small board and could see that even though if I controlled the voting on the board, if I had done something wrong that was clearly a crime that would make the entire board culpable as a whole, I would have certainly been asked to step down or face an SEC investigation. In essence, the board would turn on me. Remember, in corporate litigation, it is not only the CEO that can sued, the entire board can as well if there is collusion. Boards are often sued by investors where they feel the CEO is catering more to the needs of the board members (Bond Holders) instead of the investor. Tbone Pickens does this often he sees Bond Holders profit from huge corporate deals that leave the investors far behind. As far as John Tuttle, he is a reputable guy and would not let his name be associated with a company that has no potential. I believe, is responsible for moving the company it's current direction, I feel comfortable with that. He is on the advisory board and I trust his knowledge and advice. Rarely do you hear any board members making comments in the press in regard to a companies operations - it is not their job and they could say something off the cuff that could send the stock plummeting purely by accident. This is why they hire a CEO to do this. The bottom line is time will tell. Nothing we can do about it. If you feel you have been sold a bad bill of goods, I would suggest looking at your options. It has been rough road for all but when I look at the big picture, they are no different than many successful companies that endured the same growing pains early on.