A few days ago I had an unsolicited message to call CLL. Called them back & it seems management was trying to drum up support for a shareholder vote in the upcoming meeting. First 2 items fairly straight forward, eg support for board of directors & use of accounting firm. They were more interested in the third item which includes the creation of special share classes. When I balked at that & asked why they were needed they insisted that it was the only way they could retain employees. Apparently these employees have been trained by CLL for 2 years, & am I willing to risk these employees leaveing etc etc. I suggested warrants, options or more cash but apparently these alternatives are inadquate. Suffice it to say I found the conversation extremely strange.
Anybody else with a similar experience?
Can anybody shed any light on the special share classes? My present inclination is to vote "no" on item 3 unless somebody comes up with a good reason to vote yes.
Could it be the possibility of these special shares which are causing the stock price to tank?
