RE:RE:RE:RE:RE:Shneps, this is not the Captiva message boardSven,
I believe you are missing the point that Jeff is not only the CEO of GRB, he is the CEO of PWR.
If he were not in a conflict of interest as to his fiduciary duties related to being Captiva's CEO the option agreement and ultimately the JV agreement would probably be a mute conversation.
"You didn't pay the monies required to fulfill your obligation to form the JV. Sorry, too bad, you loss the $5M you've invested to date and has zero interest in Sage Ranch assets"
Jeff has a fiduciary obligation to the shareholders of Captiva through his "Duty of Loyalty". Directors and officers must have an undivided duty of loyalty to the corporation and shareholders. They must put the interests of shareholders and the corporation above their own interests.
If he were to just cancel the option/JV agreement in GRB's interest then he would probably end up in court for not making an effort on PWR shareholders behalf.
“You have to take care of business and cannot make remarkably stupid mistakes…and keep your hands in your own pockets, not the pockets of the company. What’s so hard to understand about that?”