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jugs

02/27/14 12:00 AM

#11316 RE: MorningLightMountain #11291

You're incorrect. The CEO holds only preferred shares. Until common shares reach a greater level of value, he cannot pull cash out of the company even for wages. He cannot convert his shares to common because it wouldn't be profitable enough to warrant it. This is the biggest reason for my confidence as he's got to make this work or he loses his stake. Meanwhile, there's talent in leadership and I like the odds of success because the industry happens to be really hot right now.

Jugs