..."On September 12, 2012, the Company received a subpoena from the U.S. Securities and Exchange Commission (the "SEC") for the production of documents in connection with the announcements related to the Stratex proposal. On September 14, 2012, the Company received a letter from the Financial Industry Regulatory Authority ("FINRA") indicating that FINRA is conducting a review of trading in the Company's common stock surrounding the August 28, 2012 announcement by Stratex, and requesting information and documents from the Company in connection therewith. The Company is cooperating fully with the SEC and FINRA in these matters. As a result of the foregoing matters related to Stratex, the Company has incurred significant legal and other expenses.
Additionally, the Company now believes that during early May 2012, Mr. Bogachev, without notice to or the knowledge of the Company's Board, was negotiating with Stratex for the sale of Company shares owned or controlled by Mr. Bogachev in an effort by Stratex to obtain control of the Company..."
Sentiment: Strong Sell
Totally agree that these actions are as you say "monkey business." And as a matter of oversight responsibility, both FINRA and the SEC should conduct a full and open investigation. These are the points that investors need to be aware of before making choices.
Investors and potential investors have these accessible public filings for just that reason. After due diligence, if the investor feels that these events outweigh any positives, the investor can either avoid this company or sell existing shares. However, the other alternative of weighing these negative events against what an investor may see as the kind of potential that makes the company an interesting prospect, becomes a freedom of choice.
And it is that choice that bothers you. Why?