GREY:TSTIF - Post by User
Comment by
rotsevni0328on Aug 22, 2019 9:25pm
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Post# 30057509
RE:RE:After loosing $ 34 000 000...in 3 years and a half...
RE:RE:After loosing $ 34 000 000...in 3 years and a half...and six year director insurance (at up to 250% above current costs - tells you something)
I know a thing or 2, if not 3 about insurance for dirrectors an officers of corporations and the necessity to secure such upon the sale of a corporation: it's part of representations and warranties requested by a smart purchaser. Believe me, once the insurance company learns about the BOD having been warned of a potential suit against it's members, as they were last year, the Insurer will rescind whatever coverage was negotiated as I'm sure this circumstance was never discussed with the insurance underwriter.
If you wish to make their life miserable, send the BOD a letter putting them on notice of your intention to probably initiate a class action suit on behalf of frustrated shareholders. Copy Striker! But be careful as the fact that they cannot obtain adequate insurance could jeopardize the whole transaction and your shares may end up be worth less than what is being offered now. They deserve to be punished, especially Rumble who has failed miserably and enriched himself by selling his shares at $ 3.00 back in 2017.
Hey Dr. Ca$hle$$, you who kept calling me a basher, how much were you taken in for?