People go to jail for insider information. As they should. Then you have "Sophisticated Investor" status - this is a whole new ball game when it comes to declaration of information to markets.
AMA should be contemplating the commencement of civil legal procedings against all of the parties involved in this $6m heist, in an attempt to recover the funds, on the grounds of professional negligence. This would include all of the previous directors of both ASU & AMA.
A claim against ASU for breach of contract would also be a good idea. Criminal investigation should not be ruled out and the full force of the law needs to be applied.
Last I heard the ex CEO had several million shares in AMA. Wouldn't it be nice to remove the sad stain from AMA for good?
AMA Price at posting:
4.2¢ Sentiment: Hold Disclosure: Held
