Misiu: No one can know for sure why we have not
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Posted On: 02/05/2020 10:45:06 PM
Misiu:
No one can know for sure why we have not uplisted.
Perhaps it is because we have not attained a $2 share price, and would have to do a RS in order to do do.
What I do know is that, as Ohm points out, there is much greater scrutiny over the actions of a board in the case of NASDAQ listed stocks than OTC stocks.
What I also know is that while on the relatively unregulated OTC, Pourhassan and the board have engaged in acts, that, in my opinion, are highly unfair to the shareholders.
I would feel this way whether the stock price was 50 cents or fifty dollars.
A board of directors has a fiduciary duty to protect the interests of the shareholders.
In my opinion, our board is putting their own economic self-interest above that of the shareholders.
I invest in a lot of companies, and I cannot think of any company, especially one without an approved product or any revenues, where the CEO has taken as much out of the company as has our CEO.
Defend Pourhassan as you wish, and you always do.
However, every share of stock Pourhassan and the board give to themselves is money that comes out of the shareholder’s pockets in the form of further dilution.
I invested a lot of my hard-earned money in this company, and I deeply resent Pourhassan and the board giving themselves free stock that I worked for years to pay for.
As you like to say, all in my opinion.
LM
No one can know for sure why we have not uplisted.
Perhaps it is because we have not attained a $2 share price, and would have to do a RS in order to do do.
What I do know is that, as Ohm points out, there is much greater scrutiny over the actions of a board in the case of NASDAQ listed stocks than OTC stocks.
What I also know is that while on the relatively unregulated OTC, Pourhassan and the board have engaged in acts, that, in my opinion, are highly unfair to the shareholders.
I would feel this way whether the stock price was 50 cents or fifty dollars.
A board of directors has a fiduciary duty to protect the interests of the shareholders.
In my opinion, our board is putting their own economic self-interest above that of the shareholders.
I invest in a lot of companies, and I cannot think of any company, especially one without an approved product or any revenues, where the CEO has taken as much out of the company as has our CEO.
Defend Pourhassan as you wish, and you always do.
However, every share of stock Pourhassan and the board give to themselves is money that comes out of the shareholder’s pockets in the form of further dilution.
I invested a lot of my hard-earned money in this company, and I deeply resent Pourhassan and the board giving themselves free stock that I worked for years to pay for.
As you like to say, all in my opinion.
LM
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