To: Nittany Lion who wrote (8389 ) 5/2/1998 4:41:00 PM From: T.K. Allen Read Replies (1) | Respond to of 10368
Sam & MT: Based on your comments, it appears we are way too late to submit a shareholder proposal for inclusion in the proxy. It seems to me someone who was once on this thread mentioned that they lived in Austin and, therefore, could conceivably attend they meeting. However, even if somebody did attend, I'm not sure trying to start a battle from the floor is the way to go at the moment. Gary, I agree with your comment:"A qualified "yes". I would hope it would remain constructive in nature and not turn into something that would ultimately be detrimental to the Company and thus hurt us as stockholders in the process." As for myself, T.K. Allen, am in favor of giving the new CEO a chance to show his stuff without having to deal with open hostility from shareholders. I have the feeling that some of the Board members are trying very hard to set things straight. They have made some significant moves and, I presume, there will be more to come. As unhappy as I am with the status of my BNGO holdings, I am far from feeling like the situation is wildly out of control. Perhaps we should draft another letter (addressed to the new CEO) listing our questions and concerns similar to what we did prior to the conference call in February.Comment from emailer: "After all, the Nov conference call stated that the warrants would not be called unless they had "use" for the money. We all assumed that "use" was to the benefit of the shareholders. ??What is to stop Wilson from dumping his shares on the open market.. I would like to see a 3yr agreement whereby Wilson cannot sell any shares. This agreement would be in concert with the agreements made under the recent acquistions. Any news from "The state" on the SC decision. I, for one, am hard pressed to believe that the SCSC will tab the VGMs as a lottery." TKA