Clarify??? How about this.....There seems to be a steady flow of questions about the BOD, The managment and the Control Group, AS THOUGH people actually believe they function in some sort of independent way. The WHOLE argument here, and has been for some time, is that they DO NOT. THEY ARE ALL IN BED TOGETHER, is my opinion.
Even phoning "Investor Relations" is a JOKE.IMO Same reason, I believe you are talking to someone who could care less about you, or any shareholders other than the control group. They either say uh "I do not know" as some have mentioned, or act out of the loop etc etc. There is NOTHING there worth hearing, IMO it is ALL well thought out in advance.IMO
Once you take the position, if you do, that this is the possible situation, then phoning, putting forward ANY ideas that they are actually listening or care about you is nonsense. In fact, you just play into their hands. There is ONE thing they are going to listen to: Legal issues, anything that hinders their goals (which appear to me not to be in minority shareholders interests) or ties them up. Do we have a leader? Do we have a lawyer? Have we applied for a shareholders list?
The vote: its old news really. Nobody expects them to get an acceptance. BUT I would not be surprised that they have proxy holders, never to be disclosed of course who are busy nibbling away.
It is all about a long term plan to seperate you and all other minority shareholders from your shares at the lowest price possible. ALL the valuations, investor relations, everything is working on that project, is my opinion. So talking to them is more than a waste of time, other than for some to confirm this fact, in my opinion.
So are we using the lawyer of the fellow who has the large position, or not? And do we have a consensus here of a plan of action. I like the list, BUT a real shareholder list would be FAR more effective, BECAUSE then all one needs to do is tick off confirmed NO's. Contact information will be on the list or easily searchable in most cases.
Cheers.