RE:BoardWhatever is going on with Ka An and K2 it sure does have the board worried. Just received another letter dated June 21 basically reiterating previous comments from ELR management. They still question the intentions/lack of experience of Ka An and K2 saying K2 has a history of initiating conflicts and that these two may contest the election for the Board.
I've read through the previous comments and there seems to be a belief in the urgency to sell the company. While not beneficial to shareholders my understanding is that the company could continue for several more years just drawing down their cash position, taking into account the current burn rate.
I receive 2 identical proxy voting sheets and 2 letters dated June 21 as mentioned above. It's almost like ELR is in panic mode by sending duplicates.