Board Takeover - Lone Star Proxy Vote

lone star value investors sent a proxy to basically say Barry and Elezar are crooks and the BoD needs new membership asking for a vote to add two new directors.

My favorite part of the proxy material is where lonestar details three years of asking Barry for information about the P&L and increasing the shareholders value. When Eberwein calls out Barry that he is full of crap and a crook, Barry suggests a meeting with Elezar. Elezar takes the meeting and gives them a bunch of BS about being "a legacy in the industry and a leader in the genomics field".

Barry/ Elezar - Wake Up!
Lonestar is accusing you of incompetence, and your response Is that you have "created a legacy of IP and Genetics."

So the proxy materials continue to say how they ask Barry again to add new BOD member, Barry rushes off and holds a secret meeting with the board.

After this "meeting" (I know Barry, I doubt they had a meeting) Barry writes Lonestar an email to say the board met and says everything is fine.

So then lonestar says they want a proxy vote, Barry has the audacity to cal lone star to say how disappointed he is in their behavior, how dare they ask for a proxy vote, and then Let them know that Elezar and Barry have retained legal counsel for defense against the proxy and demanded a withdrawal within two hours.

Reading this sounds exactly the same, year after year after year. They are crooks, and should be ejected onto Madison ave like Wilber and Mortimer.

 

Yesterday the stock saw $2.96

Value is virtually non existent

Barry and Elazar need to do something