Re: But the Committee says as well.....Mikes
in response to
by
posted on
Feb 15, 2014 03:21PM
So, let the Steering Committee select individuals to fill vacant seats on the PDS Management committee. That might be to our advantage.
As far as the rest of the crap about powers and responsibilities, I would expect the committee to make such statements because they do not have the authority to take action to void the ComAG, only PDS does. So if Carl has no intentions of exercising PDS' right to terminate under the BK clause, assuming that it still exists, then it wouldn't surprise me if certain shareholders sued the BoD for breach of fiduciary responsibility to its shareholders.
Time for Carl, Cliff and Gloria to show us what they can do for us.