Whether you think the stated motivation for Proposal #2 rings true (IMO, it doesn’t) is immaterial from a practical standpoint; the salient point is that if you want the LFB financing to be implemented, you have to vote Yes on both #1 and #2.
I agree that it doesn't ring true. My BS meter is off the charts. I say call their damn bluff. Is management really going to let go of the last life line they are likely to get (the toxic LFB loan) because they are peeved that shareholders slapped their incompetent snouts out of the trough. I don't think so.
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