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Re: junkHustler post# 17690

Monday, 07/14/2014 1:02:23 PM

Monday, July 14, 2014 1:02:23 PM

Post# of 21090
I wouldn't worry about the Controller leaving. DePue was only 30 and really only put together the financials into SEC format. The accounting isn't that difficult for this company. It's nothing but salary and business expenses with minimal assets. There are plenty of CPAs that will come in for the $130k salary he was getting (which was high for that position, but I guess it had to be considering the ongoing concern of the company).

If we wanted to speculate, we'd want to know DePue's family situation. He could have a family and be moving. Or just wants a more stable company and got a better job offer. I wouldn't speculate he saw something and was bailing. He owned minimal shares and probably was only looking out for his long term career.