Open Letter to Palladium Registered Investment Advisors
According to the Proxy Statement: "Based on a Schedule 13G filed on March 26, 2009, Palladium Registered Investment Advisors is the beneficial owner of 6.5% of the outstanding shares of Common Stock of the Company."
If Palladium is any kind of fiduciary for other people's money, you should vote no to amending the articles. It's not in the interest of outside shareholders to condone corporate actions that unreasonably benefit the insiders. There was no problem with the previous option valuation method for such an illiquid stock. There was also no need to reprice existing options for management - they are already almost in the money.