Sunday, April 01, 2018 6:25:02 PM
why not put a shell into a queue if it's been misused by a CEO, where shareholders are in limbo, but not destroyed, and keep the shell there until legit management (chosen by regulators) can take it over? then the burden is on these agencies, to find law-abiding managers, and install them.
that would be in the public interest. there should also be a merit-based system where CEOs who conduct themselves legitimately, meeting the highest levels of transparency, have reduced filing fees. in other words, it should be more expensive to have a non-filing pink company than a fully-reporting one. that would protect investors.
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