It's just that I feel so badly for the pre 2007 principals, who fought so valiantly against evil and powerful shareholders. What reasonable observer would argue they had any choice other than abdicating their fiduciary responsibilities in the face of such a cunning enemy? Just think about the massive resources individual shareholders typically have? Talk about impossible standards! Let's be real here!
Now, some might say that's a flawed argument, given how obviously stupid the activist shareholders were, but not me. They might even question the motives involved, but not me. I know those guys did everything humanly possible to rejuvenate FPFX, and even with millions of dollars at their disposal, those despicable miscreant shareholders were just too much. Who could blame the the BOD for quietly sneaking out the back door when the mafia showed up? Not me, for sure.
I am only expressing my personal opinions or repeating public information from SEC filings or media outlets-which may or may not be correct. Do your own investigating before investing!