I've been informed by a very reliable source that PGL directors this week have been offering a cash payment of up to $500 per small shareholder to brokers who can secure a vote in favor of the AVX merger.
This is absolutely disgraceful behavior. The money for these payments is coming out of OUR cash reserves (i.e., progen's cash reserves). PGL directors think it is a sound use of shareholders money to literally buy votes.
You have to ask yourself why PGL directors are fighting so hard on this one. It is not about the directors fees (2 of the directors are independently wealthy). It must be about fear of what will be uncovered re their past behavior.
PGL Price at posting:
68.7¢ Sentiment: Hold Disclosure: Held
