Hi IronChef,I was just about to post this snippet as I have been...

Hi IronChef,

I was just about to post this snippet as I have been researching why Dr G was removed from Lifewatch back in 2015.

The good Dr wasn't the most popular person back in 2012 as he had ruffled the feathers of some of the majority SH's up the wrong way between AGM 2012 to AGM 2014. The common denominator was that Dr G was ignoring requests from SH's and running the company as a one man band. Sound familiar?

Dr G finally sold his stake in Lifewatch in early 2015.

Cheers Rubes


DYNAMICS GROUP AG LifeWatch: Group of shareholders recommends change in control and direction. Website www.life-agm.com describes the proposed measures in detail.RetourDirective transparence : information réglementée24/05/2012 06:59EquityStory AG-News: Dynamics Group AG / Key word(s): AGM/EGM LifeWatch: Group of shareholders recommends change in control and direction. Website www.life-agm.com describes the proposed measures in detail. 24.05.2012 / 06:59 --------------------------------------------------------------------- LifeWatch Shareholders' Group Press release Group of shareholders recommends change in control and direction at LifeWatch Over the last couple of years, LifeWatch - a SIX Swiss Exchange listed company since 1999 (Ticker: LIFE, security number 1,281,545) - has been experiencing severe shortcomings in the implementation and execution of its strategy and today faces unacceptable corporate governance issues. As a consequence, a group of shareholders, that currently holds a 18.5% stake in the company, demands a change in control and that Chairman and CEO Yacov Geva be suspended from his dual mandate at the forthcoming Annual General Meeting on 28 June 2012. It is being proposed that three former board members be replaced, while two of the current members be re-elected. As such, a change in direction shall be initiated in order to fully exploit the significant growth potential of the company and ensure a state-of-the-art leadership in the company. The website www.life-agm.com launched today describes the details of the current the situation at LifeWatch and lays out the necessary actions to lead LifeWatch back on a growth path The Shareholders' Group urges all shareholders to register their shares immediately and participate at the Annual General Meeting in order to strengthen shareholder democracy. Zurich - 24 May 2012 - For many years, the Board of Directors and the management of LifeWatch (the 'Company') have neither been able to lead the Company towards success, nor have they established contemporary corporate governance standards. Large shareholders have submitted their recommendations for improvements but were ignored thus far. The Chairman of the Board of Directors and CEO, Yacov Geva, has been running the company like a one- man show for many years now. A group of shareholders (the 'LifeWatch Shareholders' Group') including Patrick Schildknecht, Martin Eberhard and Stephan Rietiker plans to put an end to his unacceptable situation. They request that the Board of Directors be changed at the forthcoming Annual General Meeting on 28 June 2012. Constructive cooperation sought with current Board of Directors The LifeWatch Shareholders' Group currently holds 18.5% of the company and is convinced that an immediate change in control coupled with a strengthening of the management team is needed to bring LifeWatch back to success. Three of the current board members shall be replaced by three new board members. At the same time, the LifeWatch Shareholders' Group is willing to cooperate and to endorse two of the current board members. The names and profiles of the candidates will be announced once the discussions with the current Board of Directors have been completed. Prompt corporate governance and leadership measures essential The LifeWatch Shareholders' Group is convinced that the acceptance of these proposals will strengthen the company. The new Board of Directors will immediately establish corporate governance standards in the sense of 'Checks & Balances'. The Board of Directors and the operating management have to be clearly separated, the corporate management has to be strengthened and the operating efficiency must be increased. All these changes will ensure that the Company will be in a position to exploit its huge potential in an attractive market environment, resulting in long-term success. At the same time, a shareholder-friendly information policy shall be implemented. The LifeWatch Shareholders' Group is convinced that the implementation of these measures will put the Company in a far better position to restore credibility in the capital markets and create shareholder value in the best interest of all shareholders. The candidates proposed by the LifeWatch Shareholders' Group are very familiar with LifeWatch's business. They have intensely observed and analyzed the Company for years and also factored in additional third party expertise. Besides, they have led many discussions with the current Board of Directors, visited the Company's sites and completed their market assessment with the help of market experts and opinion leaders. As such, they are predestined to successfully implement and execute LifeWatch's strategy, which is fundamentally correct. Shareholders democracy to be strengthened The LifeWatch Shareholders' Group calls upon all shareholders of LiveWatch to register their shares at their earliest convenience and to attend the forthcoming Annual General Meeting in order to initiate the required transformation process. Every vote counts and helps ensuring a vibrant shareholder democracy. To learn more about the registration procedure, shareholders can refer to the website www.life-agm.com. This website, created by the LifeWatch Shareholders' Group, includes presentations, press releases and important correspondence, describing the present situation at LifeWatch. For further information, please contact us as follows: LifeWatch Shareholders' Group c/o Dynamics Group AG Edwin van der Geest Tel. + 41 43 268 32 30 [email protected] End of Corporate News --------------------------------------------------------------------- 24.05.2012 News transmitted by EquityStory AG. The issuer is responsible for the contents of the release. EquityStory publishes regulatory releases, media releases on the capital market and press releases. The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies. The Swiss news archive can be found at http://www.equitystory.ch/nachrichten --------------------------------------------------------------------- 171275 24.05.2012