Wednesday, February 25, 2015 4:23:52 PM
If Bill does not intend for the LVVV shares to hold the value, because he holds all of the value or he and some small group of investors plan to extract the value through some other means later, such as through Preferred shares, then the LVVV Common Stock will not hold value and that will be by design.
You're asking the right question here if you're asking whether it is a criminal fraud for somebody to operate a publicly-traded company with a registered class of securities without publicly disclosing the truth that the registered class of securities is not intended to hold value.
Is management of LVVV operating this company with the intention of creating value for the Common stockholders? The existence of the Preferred shares and the inadequacy of previous public disclosures suggests otherwise.
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