i certainly won't rule that out .. it's been a lon
Post# of 43064
that said .. i will reiterate .. that RH wasn't installed as CEO until mid August
2013 .. which is why what was posted by Commando ..
Quote:
Let me clarify...the list of perspective board members given to PTO was flat out dismissed by the CEO. The list was very distinguished as you know. Some were very eager to be on PTOs board IF they could le close a deal.
The current bod “independent”directors couldn’t hold a candle to any of the board members JW had.
Read More: https://investorshangout.com/post/view?id=518...z5Ox1BL7Ix
and then responded to by you ..
Quote:
I thought it was the investor group that declined all the board members, granted RH was part of that group, but nevertheless I seem to recall that the group had set the bar so high, that JW couldn't find any that fulfilled all the criteria's
This was one of the criteria's in the contract with the investor group, and if not fulfilled JB would have had to hand over his 1 mil preferred shares with 100 mil voting rights to the investor group for next to nothing.
at the time it very much looked like a trick by the investor group to get their hands on said shares,
I wasn't aware that these directors was offered up to RH after he took over, that is news to me and rightly a concern, I wonder if money played a part of RHs reason for not taking any of these directors on
Read More: https://investorshangout.com/post/view?id=518...z5Ox1Swdi8
could be easily misinterpreted ..
i will agree with your opinion (paragraph below) .. and if there is proof of the other opinion .. it would be worth reading
Quote:
I wasn't aware that these directors was offered up to RH after he took over, that is news to me and rightly a concern, I wonder if money played a part of RHs reason for not taking any of these directors on
as was noted previously .. and it was recently that this was discussed .. was the current CEO's *imo* issue of *trust* when it comes to current BoD (remember it was just RH and PB for years) .. one can read ihub's board .. (if memory serves correctly and that can be a big if some days) .. some of this was noted there back in the spring of 2013 .. specific to former director's *documentation* and subsequent *activity* by certain members of that *investor group* .. (July 2013)
having watched what came to pass from mid May 2012 to late July 2013 .. i highly doubt RH would *trust* too many *connected* to that investor group .. that is why it doesn't surprise me that the 2 current BoD .. not only have skin in the game .. they are *known* to RH .. they also aren't loaning out their certs to be shorted against .. or having their bit on the side deliver non usable feedstock at premium prices .. let alone almost blowing up the plant .. not once .. but *rumor* has it .. twice
what i find so interesting is the timing of cages being rattled
if perchance RH reworks aspects .. (and no one here has a clue) .. it would be another *positive* .. if executed
we shall see
4kids
Quote:
I think you misread my post, I stated that the investor group did declined the candidates that JW found. I never mentioned anything about any of the investors from the group was offered any director role.
Sorry just wanted to clear that up.