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Message: gcduck & opty

"He [Cliff Flowers] felt bad about not buying any shares, but as he mentioned at the SHM, he has huge bills."

So our CFO has huge bills. That's not good to hear from a CFO - it has something to do with financial planning, no? To be fair, maybe it was some other unexpected obligation although I think he mentioned kids in college too (which I, personally, budgeted for as soon as they were born). It's not as though he doesn't take (I can't bring myself to use the word "earn") a pretty good salary with bonuses and benefits. I know people who manage a staff of 100 or more with 24x7 responsibility for critical financial applications that don't make anywhere near what he takes for far less pressure and accountability. Face it - how many times do you think his vote is needed in Board "decisions"?

Debts or not, for $1,000 he could buy more than 10,000 shares - a pittance compared to what we shareholders are forced to pay him. Odd that he doesn't also "feel bad" about taking the compensation he gets.

I really don't buy the "feeling bad". If he had stopped at "I've got debts" well, that's worrying enough about a CFO/CEO(acting). Bur he absolutely stated "It's too risky".

That said, if we had the chance to keep one Board member and replace two, I'd keep CF.

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