Back and forth picturesWhat This Proxy Contest Is About
https://www.bajamining.com/proxycontest/
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Mr. Lehner will have access to the strategic planning of the Board. If he later resigns from the Board, Mount Kellett may use this knowledge to advantage itself, to the detriment of other shareholders. For example, these insights may help Mount Kellett to attempt to take Baja private or to bid on its own or with allies for Baja before Baja’s shareholders realize full value from the completion of the Boleo project.
https://www.bajamining.com/proxycontest/key-issues
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So why the sudden public vilification campaign on Baja’s governance? There is really only one plausible answer. Mount Kellett is using governance as a smokescreen. It hopes that shareholders will be distracted from its hidden agenda: a creeping takeover in which Mount Kellett gets control without paying a premium.
https://www.bajamining.com/proxycontest/governance-smokescreen/