Re: resolutions please?
in response to
by
posted on
Apr 13, 2010 10:01AM
We don't necessarily need a whole new board. Just getting one or two additional board members would be enough. One board member could be linked to the shareholders directly as a major shareholder or representing many shareholders representing an even larger amount of shares. The other board member could be a lawyer with experience dealing with shareholder rights.
What ever action shareholders might take they better hurry because the 120 days is going to be gone before too long. Then we could be stuck with another shareholder meeting that could be held in Death Valley sometime around the 4th of July ( for a celebration) or in Alaska may be sometime around Christmas, like Christmas eve ( to receive our gifts).
If the board really wanted to send a message to encourage shareholders they could defer their pay until the MMP is validated. So what if the money owed to them would accumulate, it would be like a reverse loan/mortgage to PTSC. They seem comfortable making loans to TPL, unsecured at that!!! If for some reason PTSC was unable to pay them, it would just be a write off for "our" company.
In the mean time, GLTAL.