An Open Letter to David Palmer and Probe Board of Directors
posted on
Jul 21, 2012 10:33AM
Despite your best efforts to expand reserves, predatory trading activity has steadily eroded shareholder value in our company. The only viable solution is to commence an audit of trading activity which can be presented to the OSC to halt this activity.
Probe management has a fiduciary responsibility to conduct such an audit in a timely manner.
There is no downside to this audit. Furthermore, I believe a news release announcing Probe's intentions to detect this unlawful activity would serve notice to those individuals and trading entities engaging in this systematic activity, significantly curbing these unlawful transactions.
Bob Kaplan, MD
July 21, 2012