Jul. 17 at 4:37 AM
$YHC
7/7 Robert Leshner takes a 10% stake in the company
7/11 the lawsuit is filed and made public
7/14 Morning Leshner files 13D for majority ownership (56% of the company)
7/14 EOD Company amends their prospectus and says they have sold
$27M in stock and registers another
$46M in sales
7/16 the stock gigapumps
7/16 EOD the company acknowledges the lawsuit and the stock dips AH
The lawsuit was filed 7/11 and the company decided to ignore it, dilute the stock, and file for an ADDITIONAL sale anyway—only to finally acknowledge it EOD 7/16. Very clear it was an entrenchment tactic and a breach of fiduciary duty. Like what, you can’t read an email? Why did they wait till Wednesday EOD after diluting and further updating the prospectus? You got time to call your investment banker but none for a majority shareholder who is litigating? 😂😂😂😂