RE:Greed & IncompetenceI am always game for change for the better, but if it gets to the stage where you have to resort to a proxy battle, you better have a much better person in mind to take over, andf that person has to be ready to go. Questions like is there a payout clause for any of the board . Are there agreements or contracts without having to get into a prolonged legal battle? Do the contesting shareholders pay for the lawyers or is the company expected to cover the cost? How much is the new person going to cost us, because we would be wanting a very compotent and experienced person in this position I would not expect us to just replace him with another of the many unemployed executives that are sitting and waiting to get on the gravy train. These guys rotate in and out of the game like a bunch of sqaure dancers.
My other concern is that inorder to do this there will be no choice but to consolidate the shares (lets start at 10:1 ) inorder to now have room to cover the compensation for the new positions(s) and if we are going further the purging of the new board members. At this point I dont even know what my share average is being I bought most of my shares at $1.30 - $.80 range. All I do know is I am still out alot of $$$ that I intially invested.
There is only 1 person that is in this for the better of the company and thats Dr Cashman. Lets admit it.. we are ALL here or staying here because we are it to make money for OURSELVES. So bascially we are all GREEDY in the sense of the word.
This is my personal outlook and I am sure there are many different ones out there that will fill the pages.