It'll be interesting to see which way this falls. At the very least it has given the current board a reminder we need to see some progress.
Grant seems confident but I would think its a huge task to win the majority vote. Many passive investors won't even look at it or cast a vote at all.
I'm not sure which way I land on it. PB and co have been patting each other on the back far too much for far too little progress up to now (and paid themselves handsomely while doing it). But progress is being made. It does seem like every time their leadership is questioned they pull out a series of announcements that look good but aren't worth the paper they're printed on.
I'm not sure a clean-out is appropriate at such a critical time - but then maybe its exactly the time it's needed?
PB and co are experts at MOU's and hiring more directors. Not a lot else so far.
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