That's because he thinks he is creating and converting super voting preferred shares that will automatically give him majority.
What he fails to realize is that you cannot put the cart before the horse. You cannot stand by the vending machines in the lobby, get two of your rubber stamping buddies together, and decide they and you are the board of directors- THEN create new shares that were not put to a vote by share holders- and declare yourself the rightful head of a company by a majority of shares. The meeting of the old BOD was illegal at best and all those who participated are on the hook for that.
What do you think this proxy he is trying to push is about? I have heard it exists but I do not have a copy. My guess is it is most likely an attempt to get you all to vote in his shares which is why "he" or one of his cronies is here daily, trying to confuse, obfuscate, and divide the share holders.
Like I said before, "cunning" but not "smart".
Lanza's proxy is illegitimate.
He thinks he is going to drag this out and collect overrides on the leases of BDGR while all this goes on.
There will be a vote but it will be under the new BOD and it will not be 3 days before Christmas.
My prediction about the surfacing of "documents" that will prove wrong doing by the new board; They will never show up. And I am the first to encourage such documents to be posted, if indeed, they could be found.
GLTA
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