Ann: GCM Commences Legal Proceedings, page-8

There are provisions for the protection of smaller shareholder rights in closely held companies like this one.

I think your grievances are well founded. In my view the salary and perks of management are at odds with the performance of management and the interests of shareholders.

And I agree with you that LP seems to have jumped ship, maybe to avoid culpability for the mess the company is in?

The announcement also indicated that there has been legal tangling over several months, which begs the question about why the market has known nothing about this.