SpiralScouts has gone public with its disapproval of the Boy Scouts' membership policies, offering to extend its highest rank to Eagle Scouts who have returned their badges to the BSA in protest over those policies.
He says efforts should have been made to sell assets on to other lottery projects or to museums, rather than offering them to the highest bidder in a process he likens to a car boot sale.
In that type of offering, rarely used in IPOs, shares go to the highest bidders rather than being allocated to investors by the investment banks underwriting the deal.