Material events need to be disclosed. It would be illegal for them to selectively disclose this type of information to select shareholders. Bottom line is they need to disclose these things in their public filings like every other company does.
Are you OK with them hiding the IRS deficiency from us for about a year after the Tax Court decision came down? Lots of CDS and billions of shares of stock were issued in that time period. What excuse is there for this? There is none.
I am amazed that anyone thinks this type of reporting is OK because it isn't. This management is exposing this company to SEC scrutiny. Quite frankly, at this point I would welcome it.
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