R65,
This plan is a "just-in-case" plan to protect us in case of a hostile take-over bid. These rights plans can cost huge dollars between lawyers and transfer agents when they are not of simple variety, something we shareholders would not want our investment dollars spent on. Wildcat took these costs into account when going with this plan.
We are protected. On the other issues, Wildcat seems to have an open ear, and a good Board of Directors should consult their owners on major issues, IMHO.
NL