And if things continue to sink, I'm wondering if there are others out there willing to pursue legal action against Gildea, this time?
Securities law is not my area of expertise, but I did learn enough during law school to know that implementing an r/s, followed by a significant issuance of shares to others, and Gildea himself, especially, is not in the best interest of shareholders. CEOs, CFOs, COOs, etc. have a responsibility to act on behalf of and in the best interests of shareholders. I have yet to realize any such benefit.
I suppose it is entirely possible that Gildea and the COIN gang feel that they are possibly safe due to the low market cap at the time of the r/s and there probable assumptions that there are not many, if any, shareholders with enough at stake to waste the time dragging them into federal court. I cannot speak for the rest of you, but can assure you that such an assumption would not only be foolish, but could also prove very costly.
Thoughts?
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