DB: It sounds like the minority shareholders are totally at the mercy of the majority shareholder (singular). Therefore, it is 'what action' will be taken to benefit the majority s/h the most that needs to be considered. As the majority s/h PM would not want the value of his own stock to go down anymore as a result of a r/s and as chairman of the board who looks out for the interests of 'all' the shareholders (including himself) he would not want a r/s. He should, therefore, want to do whatever is necessary to 'avoid' a r/s, which would be to get credit (ie., outside funding for ongoing operations other than through the issuance of more shares). This he probably cannot do because of his past legal problem(s), therefore his only options are 1) to step down from the chairmanship and allow someone with good credit record to take over, or 2) continue current funding of operations (before revenue from sales is realized) by issuing more stock. It is his PRIDE, therefore rather than the potential content of his wallet (and ours) that worries me, and I suspect his PRIDE will make him chose the latter alternative resulting in a r/s.
News 
Market Data 
Discover 
