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Tuesday, April 30, 2024 1:19:10 AM
While some members of the board and management are certainly old, younger staff can be brought in to help run the company. In that scenario the terms outlined on 10KA I do not believe would be executed. These are boilerplate which must exist in the eventuality of a partnership or buyout. They do not signify an imminent deal though I wouldn't be angry if I am incorrect.
If management wanted to sell the company
now allocating limited resources suing Wall Street seems irrational. While Cohen Milstein took the case on contingency, Les and Linda are hard nosed hands on litigants not sitting back letting a third party determine the future of their company.
In a time of scarcity priorities must be determined. I do not believe management would endeavor on this undertaking if they wanted to sell the company. There are other short-term efforts that would facilitate that outcome better than a multi-year arduous yet groundbreaking lawsuit.
Do your own research. I am not providing legal or investment advice. Nothing I say should be considered solicitation to buy or sell any security. This is an anonymous forum for entertainment purposes only. Do not trust anything you read.
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