Wednesday, March 30, 2011 7:30:14 PM
Did you purchase these shares before March 11, 2011?
Of course you'll buy on the dip. The proxy is written for future shareholders not current ones.
Do you not believe that the company would be better off to support the PPS pre-split to maintain current share holder value, rather than they acknowledged that they are willing to do post split?
I think your arguments to prove fraud based upon a course of action approved by current holders wouldn't hold water. They could easily argue that the price correction wasn't their intent and that they we're just mistaken. They will also argue that they specifically mentioned that "at the time" of the proxy and during the cc, there was "no pending" interest in selling the company or taking it private (which was noted), though due to the loss of market value and the required costs to support the stock price that those circumstances changed .
Of course you'll buy on the dip. The proxy is written for future shareholders not current ones.
Do you not believe that the company would be better off to support the PPS pre-split to maintain current share holder value, rather than they acknowledged that they are willing to do post split?
I think your arguments to prove fraud based upon a course of action approved by current holders wouldn't hold water. They could easily argue that the price correction wasn't their intent and that they we're just mistaken. They will also argue that they specifically mentioned that "at the time" of the proxy and during the cc, there was "no pending" interest in selling the company or taking it private (which was noted), though due to the loss of market value and the required costs to support the stock price that those circumstances changed .
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