PAM questions - before it is too late

[Dave Gomberg <gomberg@wcf.com>]

>X-Sender: nfrank@pop.mindspring.com
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>Date: Wed, 22 Sep 1999 07:23:27 -0400
>To: gomberg@wcf.com (Dave Gomberg)
>From: Neil Frank <nfrank@mindspring.com>
>Subject: PAM questions - before it is too late
>X-Rcpt-To: gomberg@wcf.com
>
>Dave,
>
>I suspect you are out of town, because you have not answered recent emails.
>
>As soon as you get back, please answer recent questions from Cashin and
>Dorothy. In case you did not see her's I will forward in next message.
>
>Probably the most important one to answer is 
>
>> 3. Dave is taking his earnings as stock. If I understand correctly,
>> given enough time he will become the majority stockholder. How will
>>that effect AGA's level of control?

If AGA wants it, I would be happy to sell my stock at par.   I think every
investor would.

BTW, I never suggested that AGA should necessarily buy stock and did my
best to disabuse this list of that notion several times.

>> 4. As a stockholder we will expect to receive a portion of the profits.
>> I assume that means that if we own 51% we will receive 51% of the
>> profits. Oh the other hand, as stockholders, we will have to make up
>> part of the losses. Again, I assume 51% ownership would cost us 51%
>>of the loss. How can the AGA limit the amount it will lose if things
>>turn bad?

It's a corporation.  You don't have to put in any more if you don't want
to.   


--
Dave Gomberg, San Francisco            mailto:gomberg@wcf.com
For low cost CO2 systems that work:  http://www.wcf.com/co2iron 
Tropica MasterGrow in the USA:      http://www.wcf.com/tropica 
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