On January 17, 2017, Meridian OHC LLC announced that the discussion has been continued in the filing with information that the relationship between Michael Davis and Rudolph Steiner Foundation (RSF) extends well beyond their collaboration in acquiring and holding shares of Cyanotech Corporation. Meridian expressed its view that RSF's mission, to preserve land in perpetuity for biodynamic, organic, and sustainable farming, and Michael Davis' support of this agenda, can explain the unusual business practices and strategic decisions observed at the Company. Meridian also expressed its view that these unusual practices and decisions were made to advance the private interests and ‘spiritual’ beliefs of Michael Davis and RSF, and are not in the best interests of the Company or its other stockholders.