My guess is that there already are investor(s) who own a fair amount of stock.
My take is that people know that the management of Haup has been antagonistic at a minimum and don't want to ruffle feathers if they can avoid it(for now). The hope is that human decency kicks in. They must know a lot of individual investors LOST a lot of money during the "manufactured" drop in stock price. Maybe dealing with the other "side" of the FCC has opened their eyes. How does it feel to be "held back" by others who have different $ and use their power to walk the FCC in their direction--which might not be the direction that's in the best interests of the majority. This is what haup did to their shareholders--they used their power they had to do what they want regardless of the hurt they put on others.
The company? Does it belong dark and worth a nickel--anyone who follows this company knows thats a joke including Ken Plotkin who said so in the LIB. This CAN be an exciting company that yields excellent returns and can REWARD employees with options that mean something. They could easily do a small secondary wipe out any smallish debt and create the capital to expand. Think about when the company was trading at 50? Was it as exciting as it is now? Its always been valued as a tuner company that has bad margins. Thats not the company today. Also there wasn't a back-round of tens of millions of consumers who pay 250 a month for cable who might want other avenues.
If someone wanted to have 300 shareholders--Im sure someone with 400k shares could simply give away a few thousand and make it happen. But why do they want to be antagonistic---in good faith they might want to see that hauppauges management at 65 years old++can see the light and for their last act try to make HAUP back into an exciting Nasdaq darling that it can be. Ken Plotkin said in that article that Hauppauge could become a reporting entity at "any" time. There really is no 300 shareholder policy--its simply a guideline--its not a law. So its up to Haup--I hope they do the right thing--and if they dont then maybe well see a meeting like you mentioned. But lets hope for human decency to win
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