Saturday, December 31, 2022 6:07:00 PM
is common stock ownership is a contract.
We paid money consideration for ownership of our shares.
if there were no contract then... as seen many many times ... you have shareholder class action lawsuits for lots of things. against normal companies and stuff. Happens all the time.
why? because selling shares of your company create a duty on the company to be and do "right" and when they don't they get sued.
So there is a contract and that duty transfers with each and every share to each new owner throughout time.
With that ownership come rights.
When those rights are taken... compensaton must be paid.
our cournty is / was founded on laws and the constitution.
How the government can take what is not theirs without compensation is theft.
Theft should be punished.
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