That's the $64,000 question.
I noticed it in the filing as well, but didn't say anything because I couldn't tell whether the bad reputation La Jolla had was before or after WSGI signed the contract. If it was before, I would suggest that a shareholder class-action suit is in order. To knowingly do business with an investment firm with a shady reputation is unconscionable.
I'm also troubled by the timing of the lawsuit. With the shareholders meeting just days away, this has all the appearances of window dressing. Now management can face disgruntled shareholders and say, "See we are trying to do something about the share price."
It gives me a little comfort knowing that you see it as a "fine and detailed filing", mide. But for me, it still hasn't passed the smell test.
