Suzanne,
You are absolutely correct in-as-much as Gordon cannot vote beneficial shares. It is a very important differentiation to note.
However it does not mitigate the need for Mr. Gordon to recognize that we are all joined at the hip so-to-speak, and that he should do those things that will ensure TSIG's success as a credible corporate entity.
If Paul Henry, presumably speaking for Mr. Gordon, was willing to recognize that GE Capital or any other legitimate source of corporate financing, would probably request the removal of the loan agreement, then it should be done immediately. Not later.
That statement and lack of corresponding action to date shows Mr. Gordon to be disingenuous at best. If they know and fully understand as they acknowledge, then let them do the right thing. Those 26,666,666 potential shares cause massive dilution and their removal from the issue base would go a long way in cementing TSIG's future. With a greater potential for credible lenders, there would be less need for Mr. Gordon's assistance.
Combine this action with an announcement that James Guild or John Hwang have assumed the responsibilities of CEO and I don't believe it takes a Harvard Ph.D. to understand the immediate benefit to all shareholders and the action of the share price. Of course this has to be done in a major effort with Golin Harris.
For every dollar in share price, Mr. Gordon's 14,000,000 shares add $14,000,000 in net worth to his personal fortune, and we all believe in TSIG's future well beyond the addition of a few bux to the share price, don't we? Some have mentioned well into the 50's and potentially the 100's with effective execution.
If Mr. Gordon were to contain his efforts to Chairman of the Board, he would still have considerable power, but more in the visionary capacity for which he's well noted. He would have more time for his family and newly found wealth and time to focus on the other projects in his life. I suspect he would be the largest beneficiary of all.
The shareholders would be happy and as I've said before we all come out winners. Especially Mr. Gordon.
These decisions would be banner decisions, and Mr. Gordon would be the man of year.
SC |
