[malfist]

Sure, it's a dubious legal requirement at best. But you try telling people that on an earnings call and watch your valuation plummet because you took a long position and the market wanted a next quarter position. And even if you don't care about selling your stock personally, it does impact your ability to raise funds.

[elictronic]

Short term investors don’t matter. They are going to pull out and move to the next thing.