Forgive me, but I can't help but be cynical and assume the current appearance of this letter is in some way related to the previous discussions regarding the 249D which appeared on the threads.
Not fully understanding the consequences of the 249D would it be fair to assume that this then is only an attempt by the board to actually take away any potential action allowing shareholders to vote for changes they may want to see and instead is simply an attempt by management to retain control ... perhaps by instead implementing (to be determined) changes which might appease SH's, or the instigators of the action, somewhat?
I'm sorry but I see this as them trying to retain power v's actually giving a flying fruit bat about SH's by allowing them to decide what future they envisage for the Company and its structure
Feel free to disagree with me if anyone perceives the intention of this announcement to be otherwise ... I'm truly perplexed as to the reason for its existence - it offered nothing imo.
