Posted On: 05/20/2016 6:07:28 PM
Post# of 3601
Grubstake asked a good question. Does George think we are fools?
Well. . . he doesn't have to think it. . . We have proved it over and over. Loaning his salary back to the company. . . at 17% interest. What a deal. Does anyone know his salary? What is his source of income? What is he living on? Then converting the interest into shares. . . (dilution) Every time he does this my investment is worth less and I'm supposed to be encouraged? How much does the company owe him in interest? Can you find it in any financials? How many billion shares will he own if/when he converts it all to shares. These are questions that need to be answered before anyone invest in Coats. He is not looking out for the investors, he is looking out for George and no one else.
Well. . . he doesn't have to think it. . . We have proved it over and over. Loaning his salary back to the company. . . at 17% interest. What a deal. Does anyone know his salary? What is his source of income? What is he living on? Then converting the interest into shares. . . (dilution) Every time he does this my investment is worth less and I'm supposed to be encouraged? How much does the company owe him in interest? Can you find it in any financials? How many billion shares will he own if/when he converts it all to shares. These are questions that need to be answered before anyone invest in Coats. He is not looking out for the investors, he is looking out for George and no one else.
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