"scavenger that sits around looking for easy meals."
And our Noront is an easy meal for our BofD, We the investors are providing those meals because we allow them to scavange.
Also we provide them easily because the regulatory and legal system is so structured that the ordinary investor is helpless to do otherwise.
Need I say that this happens with most of the stocks I am invested in. Hence I blame the regulators more than any board of directors.