I agree with your point completely.
However, this same type of scenario occurs often here in pennies with companies like NEWC.
That brings to question, why?
Evidently there is no real concern for a company like NEWC to engage in practices that are detrimental to shareholders, and imo is an underlying issue as well.
Lack of consequences and layers of insulation enable con artists and inept CEO's/management to run a stock into the ground and walk away. Shareholders, wether they used poor judgment or not, pay the price for it.
Again, I'm not suggesting that the SEC is responsible for NEWC or for the shareholders getting burned, that's all on them. I am suggesting the SEC has enabled, in part, companies like NEWC to fearlessly proceed irresponsibly and recklessly using loopholes and complacency to protect themselves.
Your thoughts or input?
TIA
