Friday, May 19, 2017 10:40:58 AM
I can tell you from experience, the SEC will do nothing. The FBI will do nothing. FINRA claims this has nothing to do with them and they will do nothing. What you and I might consider grand theft, they all regard as a civil matter between shareholders.
As a minority shareholder, the only rights you have are those you can afford to enforce. If you own $5,000 worth of stock, are you going to send your lawyer a $10,000 retainer to begin legal proceedings? Of course not.
Again, I am not suggesting this is in the works. I will suggest that IF one were planning to do this, the actions you are seeing lead this way. And that is just one of the reasons why the stock price may be so low.
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