>> he won't overtly threaten the company with a takeover or equivalent Well, he can overtly threaten all he wants. He can begin the process. He can make all

>> he won't overtly threaten the company with a takeover or equivalent Well, he can overtly threaten all he wants. He can begin the process. He can make all the money arrangements and make agreements with other shareholders. He just cannot complete the takeover by actually acquiring more stock (or other instruments) until after 90 days. Imho that isn't a practical limit on threats.