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Microcap & Penny Stocks : IMDS nasdaq bulletin board
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To: rutz who wrote (1553)7/30/1998 10:30:00 PM
From: Dan O  Read Replies (1) of 4122
 
Your defense of Linda and Deb are not logical. Obviously they would be better off if the product was approved since they have GIVEN THEMSELVES so damn many shares of MY company. The concern here is that they do well REGARDLESS of whether its approved because of the salaries, patent fees, shares etc. they gave to themselves. Their interests are no longer aligned with the shareholders. Further, if they have evidence of product failure, they would have the incentive (whether or not they would act on it) to continue the charade as if the product had a chance. They would have the incentive to keep issuing shares to new generations of suckers, give themselves more stock that they could cash out of, give themselves more "orally" agreed to patent fees, and so on at the expense of shareholders who might never see a product come to market.
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