RE: Mistral Pharma files bankruptcy plan, will issCan someone with more experience than me please advise if they can actually cancel or wipeout all existing shareholders shares based upon someone stepping in with a cash infusion.Is this is true what protection does the retail investor have and why would the SEC allow this.Bertran or whatever his name is should be ashamed of himself.How can anyone be allowed to get away with this.This is worse then martha Stewarts lying which put her in jail.I don`t see the difference between this and Conrad Black`s offences.Sure they are different but not really.Both fraud in my mind.To release a great news release saying US company is buying MIP,insiders sell their remaining shares to the retail investors who are unaware that the company is broke,halt the stock for 3 months,remove halt and release new release that the US company is not interested and then tell us a third party has put a cash infusion into the company in exchange for the cancellation of all existing investors shares.
The doors will remain open,the third party inherits the company we all invested in and lose our money.The insiders got their money out and we lose.
How is this legal?Someone please tell me how this is legal.
Bertran or whatever your name is you should be held accountable for this action.
Does anyone else share my vision or am I just old blind and stubborn?