RE:RE:RE:RE:A shock out of left field ?? Clarke and Sooner,
I know you both have been concerned about the observer possibly being present at the BOD meeting if a different company wanted to present an offer to the BOD. I looked up a Observer's Rights Document. The observer has to sign a nda, and also sign.the Observer's Rights Document that spells out the rights of the observer and of the company (WRN in this case) under certain conditions that may arise. The following quoted portion is in the Observer Rights Document "The company shall have the right to withhold any information from the observer, and to exclude the observer from any meeting or portion thereof if the Company believes upon advice from counsel that such exclusion is reasonably necessary to preserve the attorney- client privilege , to protect highly confidential proprietary information, or for other similar reasons." Since having a statement like this is standard fare, surely Paul has this type of statement included. The observer would not even have to.be told the reason.
Oakie 1