So, although I see that an A/S of 6 billion shares is pretty large, what else would you suggest that Chandana Basu do to recover from the losses that have led to the lawsuit?
Well, she could have concentrated on her business, rather than on constant involvement in multiple lawsuits over the past years. She could have cut back on her lavish self-compensation.
Just a couple of thoughts.
As for the Rule 144 stock in question, the financing arrangement certainly seems to be toxic. Reserved stock isn't always enough to cover future issuances. And toxic financiers have ways of getting it freed up before the required holding period is over.
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