Speaking as an attorney who has had small public companies as clients: nonsense. You'd have to come up with a lot more than that to make a credible allegation of breach of fiduciary duty. A small company is entitled to legal representation and the company's lawyer is entitled to be paid the fair value of his time.
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.