This was one of the points mentioned in Peter's letter yesterday, actually. He said: "Granger issued his Concerned Shareholder Circular seeking control of your Company without making an offer to all shareholders or payment of a control premium."

What in the world is Peter talking about? Since when are management changes accompanied by a premium? I understand that the net result of a management change is that new people are in charge of the companies assets similar to when a buyout takes place, but is Peter trying to say that he's against a democratic voting process for determining who manages the company? Is he saying that it's wrong to offer an alternative slate for the shareholders to vote on? That the only way a company's management should be allowed to change is through a buyout? This makes absolutely no sense to me.