Hi Neo, that's not an unreasonable question. I had the same question myself, so I called Elmer some time ago. I posted some of the details of the conversation in this post:

http://agoracom.com/ir/CopperFoxMetals/forums/discussion/topics/546905-spoke-with-es/messages/1723280#message

However, if you don't want to read through that novel, here is a copy/paste of what you're looking for:

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I was worried about EE being averaged in at $0.xx cents per share. My concern was that he could vote to accept a low-ball offer and simply double or triple his investment without worrying about the rest of us.

1) I asked Elmer - "With EE wearing the hat of a) a director of the company and b) a majority shareholder... which hat holds more priority?"

Elmer's answer was that EE, as a director of CUU, is required to maxmimize the value for ALL SHAREHOLDERS. We discussed the point for some time, but effectively it boils down to this: EE can't just majority-vote to accept any lowball offer if it turns a personal profit for him. He must approach all offers in a manner that maximizes the value for all shareholders (not just him). He also chuckled a little and reminded me that MUCH of CUU management had MUCH of their own personal money invested here.

""""

I hope that helps you sleep a little better at night.

Hayz