Are they breaking any laws?
I'm not a legal eagle, but it seems to me that they are right on the edge in a few ways.
First, not promoting the stock or even keeping non-insiders informed about their filings and major developments. Such as the increase in dealers and the latest stuff about the consulting firm and lending money.
Second, about lending money. They aren't a bank and I don't think they are in a financial position to do so. There's more to this than we know.
Third, why the consulting firm? We know it isn't for IR/PR. What is their intent?
Unfortunately for them, when they decided to go public they also took on fiduciary responsibilities to the shareholders. Aside from the insiders, who own a vast mahority, don't they still have a legal obligation to treat the public shareholdrs in some way commencerate with those to a private investor? I'd like to file a complaint but I don't really know how or on what basis. I don't know if there are grounds for a shareholder's action, but someone with more knowlege than me might be able to share some information.
With the stock trading so low, I'm sure they want everyone to sell so that they can accumulate most of the float and then take it private. I don't care how much it costs them at this point. They certainly are costing us a ton of cash.
Do I wait for a sale? Do I hold just to save whatever is left? I just don't know.
I do know that I am more pissed than I have ever been with these gluttons. They did manage to get out of holding an annual meeting. What else can they get away with? I'm almost tempted to buy as many shares as I can at these low prices, if only to get to a point where I own enough shares to become a major stockholder so they can't ignore my rants. But it probably isn't worth it. Knowing them, they'll bankrupt the firm just out of spite.
Redfinns are RED with anger!
AI
