Titan Medical Inc (TMDIF)

[Bristol19]

The subject of retaliatory "shareholder lawsuits" often comes up in boards regarding startup companies that "seem to shaft" investors. In my experience, however, I don't think that threat is usually valid at all. As long as the company isn't violating any laws, "shareholder value" really doesn't mean anything in the board room. That's why every statement a startup company makes has a disclaimer.
I'd like to believe management is looking out for my tiny slice of the pie, but in the end, that's a pipe dream. If they sell, they will negotiate what is best for themselves, not honor your long long term commitment.

Pretty much, we are just riding the roulette wheel with a bit of rational observation thrown in to help decide to buy or sell.

Who is ready to organize and pay to make this 'threat of lawsuits' a valid operating parameter for management? No one.