Could you explain to me in legal terms if possible how this type of financing- diluting shareholders to a non exsistant state is legal while the insiders who were shareholders come out of this with money in their pocket? I realize Fiduciary duty can be subjective and objective and really for the civil courts to decide whether the BOD breached their fiduciary duty but in simple terms can anyone explain how this type of financing is in the best interest of all shareholders?
You seem to be a very knowledgeable poster.
I am also curious know whether SVMI sold shares past couple of months (due to share increase from 280M to 507M)and if they did where did the money go? Wouldn't it be funny if they rasied more money from honest shareholders on this IHUB board then they raised from Cornell yet giving Cornell all the power to destroy shareholder value?
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