RE:RE:RE:Hope for the Best, this is a viable path forward tigerpro wrote: Is it legal that Gilles doesn't communicate with shareholders but frequently provides insider information to Prop?
Is it legal that Gilles pays Prop to spread wrong and misleading information to shareholders?
Can shareholders sue both of them in the future?
Hard to prove if material information is being selectively disclosed.
Easier to use the Board for neglecting fiduciary responsibility. This sham merger could be easier to prove, attempt to merge a low risk company with a high risk cash burning biotech but most of all not replacing Gilles given his record of poor performance over the decade. How can he sit collecting an annual 500K salary for pathetic results?! The board was made aware of this, documented in letters and without a response and no action to remove him, instead approving and it being part of a sham merger which entrenches him as a CEO.