They never participated in the transformation CR I raised this at the time and the only response ever provided was along the lines they wanted to provide the maximum distribution to holders who subscribed to the offer.
Directors putting their own money on the line is a big indication of their intent to align their interests with shareholders. Was a big vote of no confidence that they didn't want to enjoy the manifold opportunities.
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Shareholder Q & A - permission to post from CGB (Sholom Feldman), page-46
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