Legal recourse? Breach of Fiduciary duty? Gross negligence? Good morning Slumdog, unfortunately i have absolutely no idea how WE, Shareholders, can make them move other than showing our frustration and their INCAPABILITIES of acting as a PUBLIC corporation!
The only change that can happen is for the next AGM, however, as we all know there was a multitude of Share Cross-Trades that happened with Corporations with strong ties from management, (AION,BHNG,and a few others) it is my belief that those Shares will be VOTING in favor of whatever current Management has in mind.
That said, It will not restrain me from reaching out to EVERY SINGLE ONE OF THEM to express my disappointment.....but also MAKE THEM REALIZE that $PBIC owning hefty ownership % in their corporation is ALSO holding their share price down due to PBIC being INCAPABLE OF ACTING AS A PUBLIC COMPANY AND CREATE SHAREHOLDER VALUE.
For Investors the WHITE ELEPHANT in the room is PBIC, sure it will gain momentum when INVESTEE portfolio starts to move up....... HOWEVER $PBIC owning controlling % is also acting as a redflag for potential investors wanting to invest in them.
Would you invest in a corporation where its controlling entity is a sleeping Public company that you never heard of completely incapable of bringing its market cap towards its book value in an over-valued-sector by it self?
All those corporations are tied together.... and it appears that the one INCAPABLE of acting as a PUBLIC COMPANY is PLANT-BASED-INVESTMENT-CORP.
MANAGEMENT HAS BEEN AT THE HELM OF THIS CORP FOR A YEAR TRADING AT 1/4 ITS BOOK VALUE YET INCAPABLE OF LAYING OUT A SINGLE PRESS RELEASE?