Re: It is important IMO to read 12007s post if.....
in response to
by
posted on
Mar 25, 2014 09:28AM
So Marc and others, what can shareholders do at this point to make sure that the 3rd person appointed to PDS is a shareholder or shareholder protector?
Brian pointed out the CYA factor of this sudden move after years of waiting. If shareholders were unable to get a 3rd person before this, what makes it likely, or what legal manuvers are available to make it happen now?
I have a very strong feeling that the creditors committee and court want a third person on the PDS board to stop the trickery, fulfill the legal requirements and get the licensing flowing on a realistic path. IMO, this is the reason the vacancy being filled is part of the resent PR. Even if the court forces a true business corporate supporter from the "real" business world who represents those that will buy/have to buy a license I would view that as a big positive.
Can you imagine someone like Buffet or Carl Ichan being named as the third person? They would have every person at PTSC replaced in a heart beat. And they would have the smarts and means to make it happen. Sorry to say that their smarts would also keep them from getting involved in the first place.
But IMO the very idea of it makes the current BOD issue a PR. The fact of the court and public looking at what has been going on behind their curtain has them very concerned. If they are not concerned they truely are dumb and will fail because of such stupidity.
GLTAL