RE:RE:RE:RE:RE:RE:Interesting Situation ...
drippingsnot wrote: I'm not too sure what the term "observer" really means so I assumed it wasn't an official title - otherwise you'd think they would have been called them board members.
Also it says we have "the right to" observers but we don't know the details of the agreement - could we get observers after a certain dollar amount is borrowed ?
Googled a definition ...
A board observer is an individual who attends company board meetings but is not an official member of the Board of Directors. During a funding round some investors will request the right to appoint a board observer, this may or may not be set out in the investment terms.
For more the priorities should be optimisation, BD and buyback. I would be very surprised if J. Goodman / Knight don't buy below book value. That said they now need more products to add value in the sales team hands.