Traps... I agree with your comments on WEL adopting a shareholder rights plan. SGR has one in place, and I for one would want to see the value of my investment in Wildcat protected from a hostile takeover attempt by such a plan. This should be quite simple to adopt as it may only involve modifying the plan that some industry peer has, whether it is SGR or someone else.
As for someone sitting in on the WEL board and then making info available here, that is not likely to happen. The company has to be fair and indiscriminate on its release of information; the proper manner is through a proper news release. Anything else could be a problem from the viewpoint of the company. I think that the company also chooses the folks to sit on their board carefully and based more on the contribution they can make to the benefit of the company, not just for their ability to disseminate information. JMHO, of course.
NL