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Tuesday, June 25, 2024 3:46:37 PM
How is this a money grab by the shareholder who brought suit?
The original shareholder owned less than 50 shares at the time of the suit...Another joined that owned appx 4,000 shares...Do you actually believe the plaintiff isn't seeking damages? If the NO votes prevail, her attorney will most likely be looking for a settlement. 30% of what they "SAVED" shareholders is typical...Who wold be paying them? If they SAVED us shareholders from this true up, then put a price on that"SAVINGS" and then expect them to be awarded 30% plus legal fees...
This is a money grab!!!
How does voting NO cause pain?
Read above...How many shares would need to be diluted to pay the settlement?
What are shareholders getting by giving it to them now?
This was already approved! And it's not giving in. For one, we are just standing up to our previous votes on this matter. Two, I don't want to be a victim of the frivolous lawsuit while the company devotes time and resources chasing this. I'd rather have then spend time chasing other RA's. And Yes, I believe this lawsuit has used resources that could have been applied to growing the company.
Search the name and let me know how many times did this plaintiff filed similar suits?....
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