Sleven, I did some digging today. Neither of them exist in IAPD, so they are not registered investments advisors. Their firm is also not listed. So it's not a U.S. based registered investment advisor. I followed some of the SEC filings they've made with other investments. It's a bit confusing. It's almost like they're attorneys or something else, communicating on behalf of clients. I can't quite piece it together yet.
Sleven….their request for a “strategic review” is code for hire an Investment Banker to bring credible bids to the shareholders…they suggest a starting price of $.75/share and hopefully get more…these guys are probably in the stock at a good price and a sale price of $400 million ($1.00/share) gets them a double….they want the Board (versus Sarissa) to put the company “in play”….it’s up to the shareholders to accept or reject a bid….all these boys want is an announced bid and requisite move in stock price…..they won’t be around to see if the shareholders accept it….following these bottom fishers will not result in premium price, IMHO..