Seriously, the time to investigate possible breaches of fiduciary duty by the Board would have been prior to Ford Financial Fund Investment making the capital infusion, not after.
All Legacy Shareholders had an opportunity to participate in the rights offering and buy shares at $20. Only 52.6 percent participated. Smooth, huh?
Next case...
If you aren't an Enterprising Investor, become one—you'll love making money like Benjamin Graham.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.