Somebody KNEW something! And Bain didn't like it. imo
In the course of our Board work, we uncovered some significant accounting irregularities. Upon our notification to you of such irregularities, you immediately filed an 8-K attempting to terminate us. We have no choice but to raise such matters to regulatory authorities as we can not apparently attempt to resolve them internally.
Additionally, we had been working on proposals brought to the Company that, had we been permitted to pursue them, had the potential to provide shareholders with significant value. Since you have attempted to block such deals, we feel we can no longer do an effective job as Board members nor fulfill our fiduciary duties.
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