Edgewater Wireless Systems Inc V.YFI

RE:The purpose of a public company.

[SamDiego]

TDMAN29 wrote:

It doesn't get much simpler then this. If management can't realize and achieve the basic function of a public company they have no place being in business in any capacity. 

Answer and Explanation: Publicly traded companies on major stock exchanges are for-profit organizations. Their goal is to make money for their shareholders. When investors buy shares, they part with their cash and expect to be compensated for the passage of time, as well as for bearing the company's risks.

It doesn`t get much simpler than this.  By your own admission when you invested in YFI you expected to be compensated for the passage of time which did not occur. Since, you also stated that you were willing to bear this risk, we are only left with your implied message that from the time you made your investment YFI was knowingly negligent in this duty because they had no intent to create value in the company for shareholders that would result in profit.

As a current shareholder that is my interpretation of your above post. It seems to parallel and add to everything else you have contributed to date. Considering that you have branded yourself as, not only a sophisticated businessman, but as an investor who is an expert in assessing the legal obligations of co.s such as YFI.
If so, you should definitely have this decided in a more appropriate venue such as the courts. Good luck, and hope it doesn`t backfire on you.