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Non-Tech : Cable Car Beverage (DRNK)
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To: INVESTOR who wrote (171)6/25/1997 7:57:00 PM
From: Anthony L. Califano   of 284
 
I am not an attorney, but am a CPA and a CFP and have been exposed to some business law. Accordingly, I believe all Boards of Directors have a Fiduciary responsibility to the shareholders of the company based on what is called something like the "Prudent man rule", which means all Board decisions should be based on what a reasonable, prudent person would decide. I would think the Board would have had to approve this buyout.

By the way, you can also file a complaint about your investments to the SEC via e-mail at: help@sec.gov. I suggest we blitz them.
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