I want our board to be rewarded handsomely but not at the expense of unnecessary & severe dilution of the existing shareholders.
I agree, Lion, there are other ways to fund this deal that will allow for shareholders to not be diluted (or as severely diluted) & the board to reap the rewards of this deal that they believe is so outstanding.
And that is, as you say, for the board to put a hand in their pocket & also allow existing shareholders the option of purchasing.
Anything less is unsatisfactory & must be voted down.....and while we're at it let's get some strikes against the board & get Palermo replaced for the sheer arrogance of even attempting to think this spotters fee is a good idea for shareholders. Stuff that!
As far as I'm aware Palermo is an appointment by the board & hence an employee or contractor. We know several of us here hold the necessary % to make this happen.
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