Shareholders and some ex staff tried to do the same to XPE a while back. It proved to be difficult to proceed. Many thousands f SH names etc were taken and it was run by a few guys who were well connected with lawyers etc. Eventually it was dropped and it just got too hard. Perhaps this will be different. XPE still trading and huge amounts of money lost including mine.
Its worth looking into like anything else. These people cant just get away with misleading shareholders to fulfill their lifestyles.
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