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Re: DewDiligence post# 2003

Saturday, 12/12/2015 3:16:58 PM

Saturday, December 12, 2015 3:16:58 PM

Post# of 2206
Well, to be frank, there's actually no clear evidence that he was "pushed" out. However, many think that the IPO, not achieving what we hoped, was the last straw. However, Perer French also brought the company out of the brink, so it's hard to say. Monday there is going to be a conference call, and hopefully a lot of our questions will be answered then. My belief is that they were already pushing for a US presence reflected in their management, and French has probably gone as far as he could. I don't see anything disturbing about his departure, and given the quick nature of this conference call, the change was probably already in the works well in advance of his departure. Monday will hopefully give clarity.

http://blt.live.irmau.com/IRM/PDF/1634/BENITECTOHOSTCONFERENCECALL

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