The only reason this stock isn't down more today is because we kind of knew this was a possibility. Interesting that the company mentioned its obligations under Delaware law in its PR. I wonder if they read this board.
Nevertheless, just because they say they are going to comply with the law doesn't mean they will without being compelled to do so. I really wouldn't put anything past management at this point.
It's really sad. Gene is an impressive entrepreneur and inventor, who built a successful business. Why not treat shareholders equitably?
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