“If the Requisitioned Resolutions are passed, the representatives of Pura Vida will be in control of the Board; and this will have been achieved through acquiring 40 million shares in Factor, less than a month ago, for the outlay of approximately $100,000.“
....so is this correct pls?:
for $100000, the requisitioners will gain control of the board and access to the approximately $3million of FTT cash reserves?
$3000000 for $100000?
surely it doesn’t seem right? especially since the current board are commendably not taking a salary at the moment while they guide FTT through this time.
justaguess
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- Ann: Letter to Shareholders
Ann: Letter to Shareholders, page-51
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