In April, at the Special Meeting for EH shareholder's approval, the Board expected an overwhelming affirmation of their mandate, but, only won by 10 votes. This was a strong indicator of the community's dissatisfaction with the Board's mandate to sell the Broadview Estonian House.
The final decision to sell the Estonian House will be made by the 3 Org's and the Board in November based on the Madison proposal's due diligence findings. The Board is not required to share their findings and how they determine a favourable or unfavourable outcome, respectively, to sell or not to sell the Estonian House. This should concern all of us.
The Board's focus and energies have been overwhelmingly exhausted on pursuing their mandate to build a "new" Estonian House on the misguided campaign of misinformation that, "the Broadview Estonian House is at the end of its life."
I have categorically maintained that to the best of my knowledge the Estonian House continues to be structurally sound, is viable and is not at the end of its life, despite years of deferred costs of maintaining and repairing it.
As the architect of the Broadview...
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