Are you suggesting it might be a poison pill to starve off a hostile takeover? Might have that effect. Could also be the only way to obtain a "loan" (it's not really a loan at this point because the contingencies that would have to happen to require Welch to pay out have not happened and hopefully probably never will happen) without violating the restrictions contained in the Fife loans because the Fife loans may have collateralized everything else.
Let's get this audit over and done with so the need for the bond can go away. Anyone know how long the bond requirement is for?
Postscript: They really need to get those Fife loans paid off when they have spare cash.