I see you got your legal advice from wikipedia. Your reasoning and conclusion are incorrect.
Damages can be recieved several ways in a suit for breach of loyalty. The one likely to yield the most for any plaintiff would be disgorgement. Disgorgement means that any gain recieved in the violation of the breach of fiduciary duty must be given back to the shareholders.
I think were getting off track here. My point is that if the Directors are planning on tanking the price and then simultaneaously benfit,You, I and all the other shareholders have remedies.
The reason I think that shareholders will be able to have a remedy is the same reason I am invested in this stock. This company is growing and will be profitable for at least the next 2 years. With the Gander deal, they will have well over a 1.5 million in cash by halfway through this fiscal year. I would put that at about a dollar a share in cash after the stock split.
If someone thinks that number is outrageous, sell the stock. They are on track to have a dollar a share, (post split), in cash by the end of the second quarter.
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