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Re: beartrap12 post# 796664

Friday, 11/07/2025 9:12:59 AM

Friday, November 07, 2025 9:12:59 AM

Post# of 823861
beartrap12,

Long ago I looked into the bylaws which are referenced in the filings but not in detail. Between what Linda has done to create board control and the bylaws there is nearly no way to gain control outside of board agreement. Having Advent and Cognate separate created another layer of protection through public vs private ownership. This gave investors concerned about the possibility of a hostile takeover attempt but without understanding of the control afforded elsewhere a more visible layer of protection. Best wishes.
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