STT EnviroI received an email today asking me to vote for the existing board. Upon checking with the company i was told that the board have paid $30K to manage a positive vote for management.
I also learned that the board intend to find a company to buy and plan to issue more shares which will dilute the value of the existing shareholders.
I understand that the entire board members and spouses had an all expenses paid trip to Jamaica and I have to question how appropriate that is given the dismal results of the company.
As yet I am not sure how I will vote but new additions to the management team can only benifit us all.