The issue is control over company moving upward in pps value. So all the shares PQ rewards the family and himself are worthless as we see the value of the company today. Its time for PQ to get his head out of his ass.
This is how I see the repercussions of PQ's controlling nature.
1. Private bankers won't lend because of the dilution factor with no strong revenue stream.
2. Joint venture group may not like what they see and not trust management to do the right thing because SFMI is heavily diluted coupled with the appearance of greed and control.
3. Don't forget, SFMI is paying GHDC with shares as a basis of lease payment. How does this sit with investors?
My note to PQ is give it up your shares for one year in SFMI until revenues ramp up.
He has absolute control in GHDC. This stock is suppose to be the real winner between the two companies, however, GHDC is nothing unless SFMI starts looking wise and brings in new investors and revenue so SFMI has operating capital.
RK told me SFMI has no debt...which I find ironic because it owes GHDC and employees money. Where are they getting the money?
Personally, PQ mentions the shares are restricted. I don't give a damn...still ramps up dilution. Then you have BODs selling their shares because they need money for their services.
We sit and wait for 10K..