We don't expect to disclose any further developments until the board of directors has approved a definitive transaction.

With the biggest dissident shareholders in favor of the new deal, we expect the transaction to be consummated without further disruptions.

And we have not taken it to the Board of Regents. Once it is approved with the Board of Regents, it will become public.

It's been approved and gone to the board,

This board of directors has been totally asleep,

More often than not, a C.E.O is merely a puppet whose strings are pulled by a board of directors.