My all time favorite remark from the PP provision:
>>>>Our shareholder rights agreement or bye-laws may prevent transactions that could be beneficial to our shareholders and may insulate our management from removal.<<<<
The above remark is taken directly from Xoma's poison pill provision. To me, it is one of the most damning statements ever written. Please read it twice if you must. The gist of the remark is that your Board of Directors are going to protect themselves and NOT the shareholders.