You don't think that GM is beholden to its investors? No there is just a book about 8 inches thick on laws to protect them. There are also these laws for penny stocks. Problem is government doesn't have man power to enforce them.
Even without these laws if Serge is this great guy you don't think a person who takes investor money in order to move forward his dream and chance a successful company, owes those people who he took money from nothing. So why doesn't everyone come up with a in theory great idea, ask investors, and then run off with their money? There are all sorts of companies like this in the penny stock world, and they are called Scams. They would all be in jail if the government had the man power.
So, you can't have it both ways. Serge is either a stand up guy and should run his company accordingly, or he is a scammer, or he is an unbelievable inept business man who has squander investors money and doesn't want to tell them so.
CEO of any company has a responsibility to their investors, for those who don't believe so you are a part of the problem. You allow people like that to take advantage of you and the other investors. The markets would all be dead if investor had no ability to hold companies to reasonable expectations. Yes, your risk in penny stocks are greater because these are unproven products trying to be brought to market, but it doesn't abdicate the company from certain ethical responsibilities.....
