Sorry I don’t follow, you want to issue shares from a company that has dozens of lawsuits from shareholders who feel mistreated? And you want to issue even more shares while the litigation is going on ? and that would not be a fiduciary problem for the company towards the “old” holders? What exactly does the BOD do in your opinion?
It's not up to me to decide on the issuance of new shares. Nothing would prevent them from doing so, whether in conservatorship or not. I agree shareholders feel mistreated but that doesn't mean legacy holders can't be offered a rights offering or warrants, even thought it is not required, but it would be a good gesture. Although, there is nothing that requires the BOD to treat legacy share holders favorably. The board doesn't have authority to do much without the consent of the conservator.
Market Data 
Markets 
AI
