Since GF loves this SAGA deal so much, did you also ask him if he loved their argument to the court that they legally do not owe shareholders any fiduciary duty under Delaware law?
In layman’s terms for anyone that doesn’t understand, SAGA told the judge that they don’t give two shits about shareholders.
They first proved that by overriding the shareholder vote and stacking insider shares in their favor. Rendering the shareholder vote moot.
They further proved they could care less about shareholders by the above statement to the court.
This is a company you want to be a part of as a shareholder?
Would you also want to be employed by a company who outright tells their employees they don’t care about them?
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