If you also take into consideration that Garo seems not to have sufficient support on the vote for the additional shares, it is a strong indication that he does not have good institutional support. So maybe the first step is to shoot down his plans this week and then force him out during the next couple of months.
Companies working on cancer treatment are attracting a lot of attention in the market. It is hard to think of the reason why the MRK news had no effect on the stock price except that there is something in the works behind the scenes.
Few years ago, I owned shares in a company that the market did not trust its CEO, at a certain time he was pushed out of the company and the share price increased 8 folds within 2 quarters after this.
Watching the trading pattern over the past few days and the reaction to the MRK news released on Thursday, It seems that some big boys are intentionally pushing the price down in correlation with a certain event to take place, either the shareholder meeting and the voting on the extra shares or something else. The few days will tell us, but this is definitely not a normal reaction to a significant news like the MRK news.
Or maybe some big boys are preparing to push Garo out.