Is there a cause of action for a defacto director suit? What elements must be met to prove this? If there ever was one this seems to be the example of a case where it would fit like a glove. Controls our only income, controls our information except the mandatory minimum required by the SEC. Holds the floor at every SHAM and tells our BOD whether to pee or hold it in. Since I have been in this stock even after we found out he was cheating us the BOD continues to defer to him.
GL