Herein is the reason for no action:
The core On2 shareholder activists are not the blog-first-ask-questions-later screamers found on many investor message boards. As Cornish Hitchcock, a Washington shareholders’ rights lawyer, says: “The disadvantage of the chatboards is all the usual ranting and raving about how management is just a bunch of crooks.” In the course of a shareholder activist campaign, he says, “it is materially false and misleading to make unproven allegations of criminal behaviour. This is a fairly regulated environment”, something not appreciated by the mad bloggers
A total and complete lack of proof to substantiate any allegations.
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Looking from the other side of the coin, has there been a concerted effort to manipulate the share price for the benefit of a few? (RICO).
As the SEC contact information was kindly provided, for those with any concerns regarding possible share price manipulation:
AskDOJ@usdoj.gov
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Be well