Re: Replace the board..
in response to
by
posted on
Dec 07, 2006 03:24PM
The Board of Directors...
What should/could actually be done?
Mr Pohl.... Stuck walking a tightrope between S&L, TPL/Leckerone and shareholders.. I believe he is truly trying to do right with what slack he is given. I personally will give him much more time to get this right.
Mr Turley.... Only one with technical knowledge, and possesses many contacts that could eventually prove to be very important... and is probably doing quite a bit (better be) behind the scenes. IMO has to stay (especially if they refuse to expand the Board with any other tech background individuals)
H Faulk Jr... Anesthesiologist.. Looking after Faulk Family Trust interest.. Currently has approx 2.5 mil shares (3.3 mil if including options). IMO there is no longer any reason for him to retain a BOD seat.
Ms Felcyn... CPA.. Trustee of the Faulk Family Trust, of which most has already been distributed.. Must have signed off on the last couple of years audits that had to be reworked.. IMO has no further reason to retain a BOD seat.
C Johnson.. Attorney.. Swartz' attorney.. Obviously positioned to look after his emplorer's best interest. I would find it hard to believe if he served any other purpose. Should not retain a BOD seat, but he ain't going anywhere while there are large number of warrants & shares being held by his boss.
Two BOD seats currently remain open.
IMO new blood is most definitely needed on the BOD