We're not in the world of normal shares, and in that world, having your shares non-tradeable for nearly an entire quarter would not only be unacceptable, but pretty catastrophic from a business perspective I'm sure (has this ever happened? I have no idea).
Pre-IPO this is exactly what happens, but arguably without the requirements on reporting. Since we all invested in ActM at the startup stage we should consider ourselves pre-IPO startup investors.
This man owns 60% of a company's profit that we put the money in for.
No one needs to defend him, he needs to answer questions about the core business and shareholder concerns. It doesn't matter if it is the holidays or not.
First up, the first 0.0025 dividends go to shareholders only, so he owns 0% of that (or however many shares he's personally bought)
Secondly, being so unreasonable about somebodies holidays is deplorable. Everyone deserves a break especially considering all the little tantrum-ing children in here.
Thirdly Ken has to be careful about how he provides investors with information since he is already dancing on a fine line on thin ice with the SEC - as such he can't just answer questions willy nilly as it might be deemed to give certain shareholders an advantage.
Finally - it may not be in the companies (and by extension the shareholders) best interests for shares to be tradable at this stage. My personal view is ActM is better off NOT listing shares on another exchange, and making all share transfers private exchanges negotiated and executed between two individuals with only administrative help from the company. This is how most un-listed companies work, and its perfectly legal.
Anybody who expected anything new between christmas and new years day is a fucking ignorant tool.
Me out.