I think it is more likely that, with the end of the shareholders agreement, declassification and unusual interest from shareholder advisory services, he sees the writing on the wall and wants to keep his cushy high paying job. Interesting to see what the other elite 8 do now.
A Priest, a Duck and a Cook walk into a bar. The bartender looks up and asks “what is this, a joke?”.
The proposals need to be ratified ASAP. It’s one thing to buy shares. It’s another to show you’re aligned with shareholders by ratifying their proposals in a timely manner.
Even though these items we non-binding, they passed by such a margin, that the Board has a moral, if not a a fiduciary responsibility to implement them.
The Texas Pacific Land Trust Investor 
Now let’s ratify the passes proposals.
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Agree. Ratify the proposals.
This purchase is great news, but where was he over the past two years? He gets promoted to board chair and now he is interested in purchasing shares?
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Maybe he now sees the IRR benefits of not turning it into a shitco and wants to jump on the rocket ship.
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I think it is more likely that, with the end of the shareholders agreement, declassification and unusual interest from shareholder advisory services, he sees the writing on the wall and wants to keep his cushy high paying job. Interesting to see what the other elite 8 do now.
A Priest, a Duck and a Cook walk into a bar. The bartender looks up and asks “what is this, a joke?”.
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The proposals need to be ratified ASAP. It’s one thing to buy shares. It’s another to show you’re aligned with shareholders by ratifying their proposals in a timely manner.
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Even though these items we non-binding, they passed by such a margin, that the Board has a moral, if not a a fiduciary responsibility to implement them.
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Right to act by written consent has passed twice!
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Good faith move, I like it. Hopefully the first of many steps.
Happy Thanksgiving TPLBlogger!
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