This is a disgusting move, IMO.  It smacks of insider self-interest over that of other shareholders in general.  It is not insurmountable, however.  It depends on how an offer is presented, even one that would be distasteful to the BOD but not to other shareholders. 

I am not predicting anything, I just see this Super Shares option as a sham designed more to protect out unelected board leaders than shareholders in general.  That's my opinion, of course, and it is partly based on the fact that I see no other explanation, being that the risk for an unsolicited takeover is no greater now than it ever was.