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Posted On: 05/02/2019 9:54:00 AM
Post# of 40990
So if SB resigns, then what? You forget it's a one person company. It will go to no-bid immediately unless he finds a buyer (who wants to keep it public) for entire company.
OTC companies work completely different than Nasdaq or NYSE public traded companies. He does want he wants and shareholders must eat sh*t sandwiches. Really no recourse without suing and my previous post addressed what how pointless a lawsuit would be.
He could be taking the company private but he would have to pay shareholders for their shares. Even 3 billion shares at .0001 would cost him $300K. He would still need a source of funding but would have no way of paying it back unless he was truly generating $200K profits per month, which he isn't imo.
OTC companies work completely different than Nasdaq or NYSE public traded companies. He does want he wants and shareholders must eat sh*t sandwiches. Really no recourse without suing and my previous post addressed what how pointless a lawsuit would be.
He could be taking the company private but he would have to pay shareholders for their shares. Even 3 billion shares at .0001 would cost him $300K. He would still need a source of funding but would have no way of paying it back unless he was truly generating $200K profits per month, which he isn't imo.
Quote:
If he is unable to perform his duty then he needs to resign. As simple as that. This is not my way or highway. This is a public traded company.
I have feeling he is intentionally doing this to take the company private.
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