MegaWorld Inc. (MEGW) Message Board

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Microcap & Penny Stocks : MegaWorld Inc. (MEGW)

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To: RWS who wrote (315)	3/21/1998 12:04:00 AM
From: jake burns	Read Replies (2) of 1058

Although it's been years, one thing I remember from my corporate law class is that management's most important fiduciary duty is to its shareholders. For the life of me, I cannot see how getting the business operations smoothed out and releasing news of what businesses the british are bringing to this company are mutually exclusive. Shareholders have a right to this information if it will materially affect the stock price. Indeed, shareholder derivative suits have succeeded as a result of management's failure to act in this regard. The fact that management is not forthcoming with their supposedly great news not only keeps the price of the stock down, but it also raises questions about their credibility (they said it would be released March 16) and their capability (as a shareholder, I want management to be first and foremost concerned with my interests). This is not handholding, as you suggest; instead, it's basic corporate fiduciary duties. How difficult is a press release? Hell, I'll fly to New York and type it myself if they would like. Sounds like David Furstenburg is in contact with Mr. Levy. Pass along my comments the next time you talk to him please. I doubt I'm alone on this issue.

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