Yes, I'm game to sign on with any reasonable-sounding attorney action. Not being an attorney myself, I have no idea whether we could get traction. But I do know where a few of the bodies are buried...so to speak. Certainly it was a total bait and switch to issue that letter stating they were going to do a better job of communicating. Anyone who held off selling because of that letter has been harmed. And there are other irregularities that affected my decision-making that might at least give leverage to take the case into discovery and prod Frasier to take his responsibilities more seriously.
But I've never wanted to hurt the company, and I am totally non-litigious by nature. I read the SA letter you posted. Seems sort of weak to me.
I believe it IS within our rights to demand a shareholder meeting... But with Frasier holding 2/3 of the shares, we could never muster the votes to force him to disclose, much less accept buy-out offers. My hunch is that we'd need to go the class action route or keep letting Frasier call the shots.
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