![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Thursday, July 11, 2013 12:34:50 AM
--Mr. Wesson took it upon himself to vette prospective board members even though this was not a requirement of his duties as an independent board member, and he did so in the interests of shareholders.
--The bar was set so high by the letter agreement of May, 2012, he could not find prospective candidates who met those strict criteria, but did find many who were willing to serve on JBI's BOD that came very close to meeting those criteria.
I would only add that:
-- the investor group (or one individual within it) opposed Mr. Wesson's candidates, even though both Mr. Rauber and Mr. Ingham were initially impressed with the qualifications of those candidates, and the group of candidates themselves were impressed with the credentials of one another,
-- Mr. Wesson apparently resigned from the board in April after receiving assurances from the investor group and/or management that they would promptly seat a BOD of their own choosing instead, and
-- Mr. Wesson has reason to believe that their failure to seat a BOD promptly is cause for concern, leading to current calls for a shareholder proxy.
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM