Scott, TKA, etc;
We have the right to stop these stupid things. Since last November, we have seen many terrible things happened. However, what did the management respond? It just relaxed.
As the company lost its credit in our shareholders, it should consider how to turn it around. Easiest thing is cost cutting. Now we first see the increase of cost.
I think, we have the right to stop it. I am not a good writer as I mentioned it before. So, I hope that you, TKA, Gary, and others can
make suggestions before an annual meeting. Thus, we can vote on these suggestions instead of following those in proxy.
Proxy is not a final document that to be voted and approved. Any shareholder has the right to make his suggestions submitted to an annual meeting. If we are the majority, we can change its decision.
One of my opinion is that the agreement between the company and Wilson should be automatically terminated when Wilson stepped down as CEO.
If we shareholders (I am not sure what others think ) like him to continue to work for the company, his payment should be less than that Mr. Harrison has(less than $125,000) because his duty would be much less important, plus his past performance and his damage to the company.
I mentioned that Mr. Wilson possibly sold his warrants in November since the share price was listed as $4. We will confirm this when we see his holder number in proxy. I remember in 1995 that his holders (included warrants) were some amount of 1,700.000.
At this time, I recall that Rodney in his post said he would sell his position whenever common reached $8 or warrant reached $3. Recently, I learn from one post that the company then promised not to call warrants. This hurt many shareholders included Rod, you and others.
As Wilson did not care about shareholders, why do we fight for our rights?
Hoping, other shareholders (specially largest shareholders as mentioned in one of today's posts) make some suggestions.
By the way, new CEO looks like a better figure to run this company.
Fight for our company and our rights.
Sam |
