Well, at least you are honest about your choice of faith as an investment philosophy. I wonder how it has worked out for you long term? Would you care to let us know? Why would the company go thru so much? Short answer--money. As I read the financial discloser documents, the CEO will walk away with north of $25 Million, given today's stock price, by the end of the year no matter what happens with the merger or not. We really should be discussing the peculiar remuneration arrangements for the 2-3 board members more. Most American companies exist for the primary purpose of remuneration of the board members. This one is no different, IMHO. I don't think there is a lot of work involved. There are virtually no sales, there is only one customer. There is no corporate office, no research lab. There is a lot of legal stuff going back and forth, but that is taken care of by lawyers who are paid by shares of stock. Should the stock price start to fail, I am not sure whether remuneration in the form of shares will continue to work for the lawyers and doctors retained by the company. I'm no expert, I admit. But I wouldn't trust myself to use faith alone as an investment strategy.
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