Can our present board extract the value, and if not, will they get out of the way so those that can, will?
Our present BOD has proven it can extract value. For S & L.
When I figured (IMO. could be wrong) that the 2006 non taxable dividend was just another gift to S & L and the resulting debit was absorbed by the company in the last 10K, I'd had it with the BOD.
IMHO at there very least RG should declare a company and board policy that one shareholder should not be given preference over others , that one shareholder could only have a single representative on the BOD, and that future deals not be set aside so that one shareholder be paid off.