RE:RE:RE:RE:Where’s Larry ???smashedpotatoes wrote: Larry must know something, that's why he's not saying anything. Something must be about to happen. I wonder if Castor will give in to Olga and pay her in shares, making her a rather large shareholder and further diluting the value of CCB shares, or whether he he wait it out until cash is available (if ever), or if he will quit. Should be interesting.
Yes, I know something; you are a foolish motormouth, blabbing on about things you and your "smart friends" know little, if anythin, about. I have been extremely busy dealing with real life, particularly dealing with severe storm damage from the derecho now two weeks past. But in your self-aggrandizing mind, I was avoiding your blabber? Whatever.
Somebody informed me that you were calling me out, and I've read a few recent messages. As an example of your and your "smart friends'" absolute ignorance, a shareholder rights plan is a normal componenent of modern corporate governance, to protect the corporation and its shareholders against a hostile takeover bid. In order to be effective, it must be enacted at a time when the corporation is not in a takeover situation. Enacting one is routine, and is not in any way predictive of a takeover bid.
In the quoted paragraph above, you have completely inverted the power relationship; Ellerton will not be forced to give in to Olga. While Olga was CEO, she could have done a private placement and paid her own salary from it. Instead, she sacrificed her own personal finances in favour of the corporation. After relinquishing control to Ellerton, she can only entertain whatever settlement terms are offered to her. Given that officer compensation is fully disclosed, such a settlement is not dilutive in the strict application of the term; instead, it is a corporate expense, whether settled in cash or in shares. It's already on the books.
When I get some free time, I will review your recent post history. I expect that I may have more to say about that.