Williams: No I don’t think we are dealing with an issue of legality here. In fact, I don’t doubt for a minute that this proposal is altogether legal. I do , however , resolutely believe that this proposal constitutes gross irresponsibility.
I think this decision has captured most of my major concerns. These along with a host of collateral problems associated with this project lead me to strongly suggest that you and the balance of the board reconsider and not endorse this proposal. Byte products must find another way.