RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:I don't know what it takesYou may recall that I put forward to THTX the possibility of selling a preferred share issue coupled with a smaller amount of common shares to current shareholders. This would have been a clearly superior alternative for THTX and its shareholders. THTX never even looked into it as a possibility despite my suggesting that my firm and others associated with me might well be willing to take down a big piece of it. So, there may well have been other far superior alternatives but perhaps none that would have diluted legacy shareholders thereby giving the board and management the best chance of not being accountable at the next AGM. Clearly, despite my voting for the board last year when I could have fired some of them, they did not trust us to do that again and opted for diluting us into near oblivion to protect themselves.
Still, you are likely right about IQ and our interests now being aligned but there are some instances where that may not be the case and I would prefer not to take any further chances that such circumstances might arise. For example, if a Quebec based entity were to offer to take the company over in a low ball bid, culd I count on IQ to vote against that? Probably not.