Chris, you'll have to write all of that to Nixon (or post it on one of his Facebook sites).
In 2022 Nixon told the Denver Post he planned to open that Takiza Taco place on Wynkoop Street, and it still isn't open. My guess (based on what I've found via Google) is that it was caught up in serious lower downtown-Denver (LODO) red-tape. All my post does is show what I've found, that it looks like Nixon still intends to open a Takiza place at that location, AND it shows that this seems to be the expectation of downtown Denver planners. (That is a good thing.)
But, to get a Takiza place open and get the name out there as a place to go to, to build a reputation (jumping around the LODO red-tape), he turned an Illegal Burger place into a previously unannounced Takiza place. The condition of the stock aside, I don't find fault in that move. If Tacos and Tequila are selling better than Illegal Burgers, then it's right for him to go for it.
Legally, the Business Judgement Rule gives owners a lot of leeway in their business decision-making. I always intended to hold long (i.e., more than a year). You'll have to say what your plans were, but I suspect there are many who only wanted a quick flip, and are now angry that they didn't get it.
If you try to take Nixon to court for "fraud," he will show that he was affected by COVID-19 like many were, and that he survived it (whereas many didn't) and he now is operating his businesses and 'building share-holder value." A lawsuit may force him to reveal his filing plans, but I'm sure he can easily prove that he did not walk (or run) away with anyone's money, but he's doing what he said he would do, namely operate restaurants and open new ones.
Please remember that I'm a mere retail shareholder like you, and am just as stuck as you are, so don't take anything I say as approval for Nixon failing to file and letting his stock get revoked. But, based on what I see and post about, I see evidence that Nixon's company isn't a shell, it isn't dead, and shows the potential for returning to trading.
You'll have to argue with Nixon, not me, that the way he conducts his business doesn't match up with your desire to trade your stock right now.
But note: even if Nixon got back to trading tomorrow, that would not be a guarantee that you'd make a profit or break even (I don't know what price you bought in at). NO company with publicly traded stock guarantees that any individual shareholder will make a profit by buying at price X and selling at price X+Y. That's why hedge funds exist and make money, because they bet on stock prices dropping and often they are right. Those who want to buy low and sell high sometimes lose. Just because that happens doesn't mean the company is committing fraud.
Re Hamilton - write to her as well, not me.
My view is that her working for him is more of a plus than a minus, but I cannot bind my hopes to a schedule. I can only choose to liquidate or not, and I choose not to.
Again, tell her, not me, that you want to trade now, immediately. (You won't get an answer, though, as lawyers never reply behind the scenes, or in public without permission from their client.)
