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Yeah, everything he says makes sense, and is part of the same stuff others talk about -- pressure on short term results instead of long term, etc. -- but given the nature of this company they are more vulnerable.
Not sure how he could give current shareholders the right to stay in as owners of a private company. Last I knew if you had X number of shareholders (400 or 500?) you would automatically become a public company and subject to reporting requirements. But maybe those rules have changed, I no longer do '33 and '34 Act stuff.
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