I agree with you to a certain extent. IMO if there was one legitimate gripe we may have with the BOD it is granting the dividends to the warrant holders. A warrant holder has nothing invested (warrant-wise) in the company. Nothing. Nada. He is simply sitting on the sidelines waiting to see if he should exercise the warrant or not. He has nothing at risk. For this reason there is no way to justify including him in on the dividend.

For some reason the geniuses that gripe about our BOD never bring this up, yet to me, as stated above, it is the only clear cut thing that the BOD has done wrong. If anyone truly wanted to start a legitimate campaign to hold people accountable they would file a lawsuit against the BOD and S&L to recover the dividends that were paid on warrants. I would be behind that 100%.

All IMHO