(Total Views: 363)
Posted On: 07/14/2018 2:38:43 PM
Post# of 30067
He has fiduciary duties as an officer and director and should honor them regardless. He has none as a shareholder.
The question is whether it is ok for him to bypass the tender exchange that all of the other toxic holders had to agree to with a specific leak out agreement and limitations.
Or whether he should get the benefit of being allowed to convert it all at $0.038.
I'd rather have him start converting slowly, over time with the rest of them.
Hopefully we will be much higher by January and, if so, the dilution of his conversions would have been MUCH less.
The question is whether it is ok for him to bypass the tender exchange that all of the other toxic holders had to agree to with a specific leak out agreement and limitations.
Or whether he should get the benefit of being allowed to convert it all at $0.038.
I'd rather have him start converting slowly, over time with the rest of them.
Hopefully we will be much higher by January and, if so, the dilution of his conversions would have been MUCH less.
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