Gee Pat, you don't sound too shareholder friendly to me.
Read this paragraph back to yourself and ask yourself, is that what IMSC's Tuesday PR said and did?
" I know ... some will say with the dismissal of the top guy we deserve to know what's going on. I think you can be sure they aren't going to air dirty laundry publicly. The best you'd get is that the CEO left voluntarily to pursue other opportunities, they are grateful for his contributions, and they wish him the best of luck."
He resigned, and was not dismissed. Why did he resign? I heard nothing about pursuing other opportunities. I heard no THANKS. I heard NO "difference in direction" explanations. Is that too fricking much to ask to be typed into a major announcement? There is a fundamental disagreement that we deserve to hear about. OR we wander in the desert for 40 days and have fun pointing at the sky?
Sure, dirty laundry would be one thing no one wants to speak about, direction of the company is quite another. And the key driver to that direction is: financing ( my concern) but it may be- are you in discussions with outside companies as to an acquisition, as Buffalo has indicated that "MUST BE ONGOING" ( if there is an offer or inquiry on a piece of corp. paper, then that needs to be spoken to).
Shareholders own a voice in the future of their investments. You lose the COB/CEO who brought everyone to this point and say: you don't deserve an explanation and a discussion on future direction-- well, that's maybe the parachute moment. Maybe not. That's why I want a CC on this. Or as you pointed out--discussion board BS abounds and that's all you get. Geez Pat, the goal is to be more shareholder friendly, not less.
AI
