Yes, it was mentioned at least a couple of times here yesterday as deepening the hold of the current slate of board members to the possible - likely in my opinion - detriment of the broader class of shareholders, virtually killing the chances for an unsolicited takeover offer.  Sadly, this also raises the likelihood that they will approve an offer that benefit them personally more than shareholders in general, given that deals/partnerships are not always just about value for shareholders.  There can be expressed or unexpressed side deals for consulting contracts, board appointments, etc.  Unsolicited takeover offers remove these possibilities.  Shareholders are supposed to vote of a take it or leave it basis.  It can't happen now, as "newuser" point out with glee.