you're 100% correct, Smully is the problem, and he's in control no matter what. You invest here, and you're stuck with him. As long as you know what you're getting in to, you're fine. But anyone who treated other shareholders as he has done in the past had better watch their investment backs very closely. I don't see him changing his colors any time soon either.
If the Coop is getting out don't you think you should have too? You think he was selling because he thought it would go up? He doesn't just have the stock, it's the note. When that affects it non-cash charges it shows better true earnings than they have.
Hopefully they'll set aside some costs in the current quarter however for future legal costs since the net may reach far and wide. Wonder what page they are on the google search.
"Fox is suing Empire Distribution, Inc., which is identified as a California corporation that has not only come forward asserting rights to “Empire,” “Empire Distribution” and “Empire Recordings,” but has also in a demand letter claimed trademark dilution by tarnishment via a series that features “a label run by a homophobic drug dealer prone to murdering his friends.”
Exactly, could you imagine where the share price would be without his purchases of the shares propping the per share price up?