Advance notice policy: The purpose." Shareholders of Canadian public companies have in the past devised schemes to remove existing directors by nominating a dissident slate from the floor of a shareholders' meeting to the surprise and prejudice of other shareholders. Advance notice by-laws were designed to prevent such ambushes, and to ensure that all shareholders are treated fairly and provided with timely information in connection with the nomination of directors. " In other words, the company is protecting itself from an hostile takeover. Now, for rhe rest of it, the major force of Aequus is their sales forces. You could have the best product in the world and not beeing able to sell it. That is what Wallmart do. The are everywhere. This is what Aequus is trying to acheive. If you'd have a product to sale, would you go on the road by yourself or go with Aequus that already has a sales forces ? Aequus is a target takeover. This is why they applied the advance notice policy.