RE:RE:RE:RE:RE:RE:RE:RE:Vote question
@matlas, perhaps I should clarify, "any offer". The board is legally required to present any offer. However "offer" does have its own definition when it comes to buyouts. It's not like someone sends in a letter and says "hey I want to buy you for $2, whatcha think?" That is just feeling the pulse. No an offer would have had a bunch of back and forth negotiations before an official offer was tabled. That said you are correct that in those discussions they would be made aware that the BoD controls +50% and the board would say "yo dude, we control the vote, so don't waste your time and money pushing this offer cause we won't accept it". So yes it is unlikely that a less than suitable offer would get to that stage. BUT if they pushed, the board would have to present it.