hi, badshah. regarding the Pensley letter
like you, i don't fully understand what all the fuss is about. who placed the restrictions on the shares in the first place, if not M&M? they have majority voting rights, they placed the restrictions on the shares, so why can they not decide to have the restrictions removed?
and the purpose of the opinion letter, in part, is to indicate that lifting the restrictions has the consent of the issuer.
and, since i'm posting, i might as well say that in a similar fashion, i don't understand the chatter regarding the GFGU settlement.
much ado about nothing, in my opinion.
it could be that there is much of consequence in both these matters. but i doubt it.
