Posted On: 10/15/2013 7:44:52 PM
Post# of 2207
msturgeo hits the nail on the head with this quote.
Mr. Postal intends to aggressively present to the Company certain proposed business opportunities to achieve the Company’s previously announced corporate goal to enhance shareholder value by considering all commercially reasonable options. Such business opportunities may include opportunities in which one or more or all of the Reporting Persons have an existing equity or financial stake. The initial opportunities to be presented by Mr. Postal to the Company for consideration will include businesses or opportunities in which one or more of the Reporting Persons may have an equity or financial interest. The Reporting Persons would personally benefit from the pursuit of such opportunities by the Company. Mr. Postal, a Director of the Company, would have to recuse himself from the Company’s Board of Directors’ consideration and vote on any opportunities in which any of the Reporting Persons had any equity or financial interest. However, the Reporting Persons would not be prevented from voting as shareholders on any such opportunities.
While there is no written, formal or informal agreement between Mr. Postal and Ms. Postal, on the one hand, and any members of the Company management who are shareholders of the Company, Mr. Postal shares the desire and incentive of the senior officers of the Company, Stewart Wallach and James McClinton, to enhance the business and financial performance of the Company by seeking new business line(s) and/or mergers-and-acquisitions opportunities and thereby enhance shareholder value. The Company has previously announced that it is exploring a variety of possible ways to accomplish enhancement of shareholder value by improved business and financial performance. The Reporting Persons deny the existence of any group for purposes of this Amendment Number One to the Schedule 13D, but, in light of the common goals and perspective on the appropriate approach to enhancing the Company’s business and financial performance and thereby to enhance shareholder value, there is a likelihood that the Reporting Persons may vote with Stewart Wallach, James McClinton as well as other directors and officers of the Company and affiliated shareholders of the Company to approve or reject specific corporate actions.
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