Here is an example of a corporate description of an existing company's SRP Purpose "Shareholder Rights Plan A shareholder rights plan is a mechanism, commonly used by public companies, designed to assist the board in ensuring the fair and equal treatment of all shareholders in the face of an actual or contemplated unsolicited bid to take control of the company. The objective of ____’s Shareholder Rights Plan is to ensure that in the event of a bid for control through an acquisition of the company’s common shares, the Board of Directors of the company has sufficient time to evaluate the bid and explore and develop alternatives for maximizing shareholder value. The board is required to carry out the administration of the plan in the best interests of the company with a view to maximizing shareholder value." Here is a link to Osler's view on SRPs http://www.osler.com/uploadedFiles/News_and_Resources/Publications/Guides/Capital_Markets_Review/CMR-2011-interactive-with-video-ch4.pdf For our purpose if the timing of the various items described on this board occurs as hoped for it would appear that there wouldn't be time for shareholder approval of the SRP and even if we did have the SRP in place it is likely that all it would buy us is about 35 days for the Board to respond to an under valued offer and encourage competing bids.