The Chairman sells his personal stock and then resigns, this on top of the 2 outside directors, both on the audit committee, quiting just before the auditors were fired, the second indication pulled, the stock delisted from NASDAQ after all the capital raises and RS to avoid that, plus still no word on ABT sales and its 8 months into when sales were to begin (like they don't know!), and management doesn't say a word about any of this as they collect their fat checks and drain what little $ is left, so why is this stock not a penny?
I think it's more of jail time or loss of assets. If you think all that has went on is on
The up and up you are blind. Just look at the past dealings with two or three of the
I want to see who the pumper emails trace back to. You can bet the trail will be short.
lawsuits only work when there is money to collect. waste of your or anyone else time. D& O insurance will cover the "eemmffers" which will all go to the attorneys anyway. You lose either way. Just the way it is.
Helicos did have 15 million in liabilities from moonshot lawsuits which is not the case here. we will see what the computers do to the stock today.
ya'll are up mighty late to be posting on a 3million market cap co. stock has been traded by algos for some time so there is no telling what will happen. Noubar leaving not a good sign though. he left helicos board two months before chapter 11
Very true. They misrepresented the deadline for Nasdaq as well as the closing date for the calculation of VWAP for his Series A in the filings.
If there are lawsuits over this it will entail managements action over the last year
and Noubar can be held responsible for those since he was on the board then
( reverse , followed by offers which didn't provide equity, loss of listing,
withdrawal of wider indication and misrepresentation of deadline for Nasdaq
decision in filed sec documents…(dates were inconsistent) all indications of a
lack of fiduciary duty to shareholders.
He can't escape responsibility by simply quitting the board now.
So what? Even if he owns 10M shares, that doesn't mean the company is in a great position. He held far more shares in Helicos and it still went BK! Him resigning is definitely not a good sign.
He resigned, but they replaced him. Ha. As long as Flagship doesn't sell then it doesn't matter if Noubar doesn't sit on the board.
If that is true congratulation on recognizing the pattern. I am sure they are listening and will change the up to a different day .