What CB better not do is present the shareholders with the 1:25 R/S, with his Preferred shares not participating in the R/S, as outlined in the DEF 14A filing.
This very well will be voted down and if there are people smelling around, he will lose big time.
CB in analyzing his options, he must always measure the risk of making the wrong decision. Can he live with the outcome if he is wrong?
This is not his company. This is the shareholders company.
The smartest thing CB could do is to sit down with Nelderand, who is representing us, and put together a winning hand, that would allow us to blow this thing wide open.
