I hold just $5K worth of shares in the company. I said that the...

I hold just $5K worth of shares in the company. I said that the chair is on the path of privatisation.
Who wouldn't privatise in his situation? Hardly any reporting, much cheaper to run, no BoD to worry about, no AGMs no pesky share holders... this is the dream.
No cooking of the books needed to go private and pay minority shareholders very little.
It is all completely legal. Unethical of course but legal.
But if I held a lot of shares and cared enough I would try to call the Chair and ask about his intentions and make up my own mind on what he said and how he said it.