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Date: | Mon, 11 Mar 2002 15:10:52 -0800 |
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Stan says:
>Here's what Interex had better do:
> - immediately announce that they're polling the user community,
> and that they will vote their shares in the same ratio as
> the user poll/vote.
I assume the Interex charter gives the BOD the responsibility and the
authority to manage the organization's assets. Where I think the board
stepped over the line is in making the public announcement. The
announcement implies that the board is speaking for the Interex membership,
which is not the case. Still, I believe Stan's suggestion has merit, given
the controversial nature of the merger. At the very least, the board should
announce that its decision in no way reflects the opinions of its members,
and that Interex is not endorsing the merger.
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