Tuesday, June 18, 2013 9:44:33 PM
Securities law is not my area of expertise, but I did learn enough during law school to know that implementing an r/s, followed by a significant issuance of shares to others, and Gildea himself, especially, is not in the best interest of shareholders. CEOs, CFOs, COOs, etc. have a responsibility to act on behalf of and in the best interests of shareholders. I have yet to realize any such benefit.
I suppose it is entirely possible that Gildea and the COIN gang feel that they are possibly safe due to the low market cap at the time of the r/s and there probable assumptions that there are not many, if any, shareholders with enough at stake to waste the time dragging them into federal court. I cannot speak for the rest of you, but can assure you that such an assumption would not only be foolish, but could also prove very costly.
Thoughts?
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