To explain the sequence of events, to provide more honest transparency for shareholders, and to get the fricken shareholder proxy started so that we can challenge whoever believes they can steal JB's preferred? Good enough for me.
Maybe the "advisory investor group" will actually decide to support the shareprice instead of anything other??
Then why even bring all the details up? Seems pointless
He is obviously trying to balance his duty of confidentiality to the company against his his duty of loyalty to the shareholders. If he were to name prospective board members, before they are even nominated, then I am sure there would be cries of foul play.
IMO, the company itself will not make an announcement until after the selection of board candidates is completed, which seems logical. There is clearly some tension in that regard.
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