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Message: Shares owned by Family and Insiders

Sep 18, 2010 12:43PM
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Sep 21, 2010 11:28PM
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Sep 22, 2010 10:40AM

Thanks Spiny for you feedback. Do you know approximately how many shares the family and insiders own because if they own tens of millions of shares that potentially far exceed in value the annual salary/lease/royalty payments to the family/insiders, that would be great for the common shareholders. However, my concern is that the annual benefits to family/insiders from salary/lease/royalty payments are currently substantial enough relative to the stock they own that they may never care if the stock skyrockets in price because they just want to enjoy their annual payouts - sort of like a perpetual annuity. Also in that case, they may actually "talk" the stock price down so that the company is never high on anyone's radar screen and then they could continue to enjoy the benefits of control (since they primarily control the votes through B Class shares). Just a couple of my concerns which I hope you have some thoughts about.

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