VH - sure why not bid. Its a free market and capitalism....

VH - sure why not bid. Its a free market and capitalism.

Personally I would also hate to see STO fall to a predator. And that's what Linda Cook et al are. They wish to purchase an asset at well below what the expected (and that's the catch) future discounted cash flows from those assets will be. Plus they would quickly sell the "non core" and keep the real jewels.

Offense can be great defense. Some shark repellent could be the following (may need to modify constitution).

1. Supermajority (say 80%) required to approve a merger

2. Restricted voting rights (i.e. none) apply to any party who acquires more than a certain % unless approved by the board

3. The old warhorse of Poison Pill - issuing rights to existing shareholders (i.e before the time when Linda Cook made purchases) which can be used to purchase shares at a bargain price (say $1 or less). Makes it that much more expensive for the shark.