I still can't understand the threat from Zeff. If the insiders have the majority of shares, disgruntled shareholders can't change the course of the company by outvoting them. If Zeff wants to start accumulating, the only shares available to him will likely be the shares from disgruntled shareholders rather than insiders which won't alter the balance of control held by insiders in any vote. Even if the math of accumulating a slight majority of shares was possible for Zeff, what's to stop management from issuing new shares to themselves to preserve their majority of shares as a defensive measure? They would surely see that Zeff was building a larger position and might be a threat so they could vote an increase in the float and issue more shares to themselves before Zeff acquired a majority.
I have owned this stock for years and still have a paper profit but the company hasn't matured like I expected from the time I bought this well over a decade ago. I just believe that management has taken extreme defensive measures to preclude anything from interrupting the status quo. They are perfectly content. I understand their point of view. I don't like it, but I understand it.
I sure wish a caped hero would come on the scene to change the way things are but I must be too thick to understand how it could be done if management doesn't want it changed … and I don't believe they do.
GLTA
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