There will be an EGM for Progen on 9th Jan. To vote "FOR" to ALL...

There will be an EGM for Progen on 9th Jan. To vote "FOR" to ALL Resolutions means the shareholders could remove current Directors, except for Mr. John Lee, and elect three new Directors, including the former VP of CSL, Mr. Bob Moses.

Mr. Moses and his supports named Progen Shareholder Group (PSG) has make it clearer to all Progen shareholders at Bioshare Weekly on yesterday's issue that"

The PSG proposes to offer Progen shareholders three
options:
A. Payout of $1.10/share cash in return for cancellation of their
shares,
B. Retention of their shares in a "re-birthed" company (NewCo)
C. A combination of payout of a portion of their shareholding
at $1.10/share and retention of the remainder as shares in the
re-birthed company.
According to the PSG, shareholders who do not elect any of
the three options or do not return their election forms will be
deemed to retain their shares per option 2.


I personally believe this shall be much better off to PGL shareholders. Any thought?