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Re: ignatiusrielly35 post# 43950

Thursday, 11/23/2017 12:04:17 PM

Thursday, November 23, 2017 12:04:17 PM

Post# of 108191
Conspiracy theories aside, he was clearly fired. He raised $250 million over 4 years at an average cost basis of $12. When he left, the stick was between $6 and $7, so more than 40% erosion from the cost basis imvestors paid to recap the company. Four years is enough time for a CEO to begin to generate an ROI, but his strategy wasn't working and our large investors likely said enough is enough and pressured the BOD to make a change.
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