Bottom Line: All shareholders have a right to know what happened at the emergency shareholders meeting held last Friday in Dallas. The company held a meeting under circumstances that did not allow all shareholders to know what was discussed or voted on, and all shareholders did not have an opportunity to vote, much less know what is going on. Now, some shareholders obviously have ‘insider information” not known to all shareholders. At the very least, the Board of Directors and Executive Officers have a fiduciary obligation to inform all shareholders as to what is going on and what transpired at the meeting, either through issuance of a PR or the filing of an 8-K.
That having been said, the lack of any selling this am is reassuring.
