However, its management is primarily of Indian origin and in its solicitation of Edgewater shareholders it pictured Edgewater's business model as outdated and said its model of American front-line and Indian back office staff is superior. It also seeks to dump the board of the Dynamics AX reseller, except for CEO Shirley Singleton, and replace them with its own five nominees, claiming the company overpays its management for poor performance. AmeriHoldings and Lone Star hold about 5.3 percent of outstanding shares. The insurgents remain on the attack. In an updated proxy dated November 10, the group wrote, "We question whether the current directors are placing their personal interests ahead of stockholders' interests."