It appears the cost to pursue the truth could be cumbersome.
"Thanks for your inquiry. The cost of handling an action to enforce shareholder inspection rights depends on the level of resistance that the corporation puts up. Theoretically, the matter is very straight-forward. If the corporation obeys the law, then we can typically handle the entire matter for around $5000. However, when the corporation has something to hide, then the costs of the fight escalate. The costs of a full-blown litigation would be in the $40,000 to $100,000 range. We would be happy to assist. Please remember that we would need also to hire local counsel to work with us (Arizona or Nevada, depending on where we file). Let me know if we can help."
This was from a rather prestige firm that would quickly pummel SNEY management so I am more than certain there are many that could be cheaper. If its mere paperwork than I would imagine 2-3k is reasonable by many firms. That would be most of my profits but it is what it is. I choose not to be a fool that gets taken advantage of and will do my best to get answers.
Unfortunately its obvious that SNEY has something to hide so I would need to believe the cost will be on the higher side.
I will continue to pursue ways to force the hands of management. I have begun another avenue that is rather disturbing to shareholders but out of honesty it will likely result in little to no action. With any luck the snake oil salesman by the name Parent will end his unethical behavior and turn into an honest corporate officer soon.
The truth is out there and the time to sit idly by like lemmings has passed. It is about time those that invested money pursue options to either recuperate or realize what the truth may be without simple guessing games.
AI
