EQU and the activism from the common shareholdersEQU is the most recent case that exhibits the power of the shareholders activism.
EQU was below $3 when some common shareholders initiated their activist campaign titled "Save Equal Energy".
EQU has risen almost 100% since then due to their efforts, the company received a buyout offer, and some folks ask for a higher bid. So the buyout has not closed yet and a higher bid is likely to come in.
This is is why, ALL the common shareholders, even those who hold 50,000 shares, have to join this effort even with a small contribution of $50.
If they leave the situation "as is", this unscrupulous mgmt team will not give them anything.
Walter Dawson wants to give everything to the lenders and his family members, according to the docs.