Posted On: 09/16/2016 10:19:49 AM
Post# of 75043
The Chinese taking control is a merger made in heaven. The reason for giving up control is to get an infusion of cash for expansion purposes. Jerry has a ton of common stock and a 5 year contract so he's not going anywhere.
He gets $3.5 million for his personal use and the company gets $5 million for corporate purposes. And the best part is the shareholders make out like a bandit.
He gets $3.5 million for his personal use and the company gets $5 million for corporate purposes. And the best part is the shareholders make out like a bandit.
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