It is a cunning plan but not likely to succeed. Another less cunning plan that would involve less funds and only 51% of the shareholder votes would be for retail holders to keep buying these shares at low prices and get enough voting power to replace the board. And to make sure there is no vote rigging happening a list of shareholders with number of shares voting against the board could be kept and updated in here.
Add to My Watchlist
What is My Watchlist?