The thought of fiduciary duty or acting on behalf of shareholders is not at the forefront of freiberg, audettes, or the board members.
They all made poor decisions last summer to the detriment of all shareholders including kenneth griffun. Now we sit with a company with a vastly better statement of position, but also with economic headwinds pushing against trading volumes. The best thing to do is sell the brokerage and the bank and get the ultimate value for these assets as soon as possible.
Doubtful that kenneth griffun will tolerate another season of lies from this management team and Goldman Sax. Kenny must know there is a deal in the works or he would be sounding off like a raped ape.
Horrible to consider, but management has presented regulators with a capital plan. That cannot be good as none of this company's plans have ever gone in the favor of the shareholders. The entire board of directors is mildly retarded and not able to promote the company or its brand