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Wednesday, September 22, 2010 11:26:01 AM
1. They have not received, discussed or responded to our letter. We have to give them time to do that. To make demands before we see their reaction is unwise.
2. I cannot see how that move would gain anything and frankly, if I were a board member. I would view it as a very hostile move and if I were thinking favorably about a response I might very well change my mind. (risk versus reward)
3. Even though we should have made certain we had a workable plan B ( cummulative voting) it seems we are not sure it might be legal in the state that we are incorporated in. That means our next step is uncertain and, IMO, court action is not advisable.
I could go on but right now patience seems the best course.
All my best to you and yours.
Best to all.
exceo
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