Folks...im not sure how much good the SRP would be in the end if we have lost our faith in management to treat us fairly.Lets just say that there would be some ENTITY waiting to gobble us up for cheap. A common takeover offer might be between 20 - 50 % over the now price of 30 cents or so.So lets say we would get an offer of 45 cents.With the SRP in effect we could possibly vote it down.and back the company into a corner.
Yet if the same ENTITY still wants us and our valuably IP,tax losses ,etc they can just wait us out till we might run out of operational money and have to file bankruptsy. Then by what i understand the common shareholders get squat.Not saying it would ever happen but some of the execs who would lose a lot of their stock holdings...might possibly get jobs at the ENTITY that would buy our assets and they might even receive huge sighning bonuses just for playing along. I mean at the end of the day ,usually the little guy loses and big business can be brutal. I know i would rather lose 60 % of my investment at 45 cents than lose it all.
So if this can happen we are purely at the mercy of our management team and hope they treat us fairly.This stock is certainly not reacting like greatness is around the corner.Of course my opinion only...i will support all efforts to get our SRP reinstated...thanks