The "risk" of voting the Lias, Bamforth, King, Walsh is that there are still a minimum of 2 more seats that could be filled by the board, without any shareholder vote. King could add back ES and CJ and retain all the senior management group as the Board designates the CFO and the General Counsel. So the unbalance really becomes a vote of 4-3 or 6-3 with the three (Ronin) neutralized. At that point, Ronin sells his position and we are exactly where we are today.
That is what is really being suggested by some There is no unbalance when there are 4 from one slate and 3 from another and the PPHM senior management team remains.
Remember, Ronin has nominated 6 and will allocate one from the Tustin slate
But, if you want the exact same people in control, you vote the white card
Even if you are unsure, Institutional Shareholder Services will be making an unbiased recommendation after hearing presentations from each group
Agree on the Mueller statement!
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