pgs and what are their motivations, page-3

were,

Thanks for the info. Behind the scene, PGS group seems to be Taiwanese influenced. It is the major concern, the "in principle" agreement between PGS group and the Taiwanese company gives too much to the Taiwanese, putting Progen in high financial risk position, IMO.

Alison Coutts has strong background, good for Progen, but she would be in minority if PGS group succeeds in controlling the board.

The CV of the proposed directors is available on request by telephoning. It is suspicious, normally the CV should be attached.

Rushing to remove the current board, PGS group is denying Progen shareholders sufficient time and the fair chance to look at the M&A transaction which is currently under the strategic review by the current board.

Were, you are right. "they are 'riding' the current shareholder discontent". But their proposal will put the Taiwanese company as the winner, the losers will be Progen who will carry the major financial risk with little share of rewards.