He's not stupid, he must know the potential impact that this latest PR could do but he doesn't seem too concerned BUT he does appear to genuine and transparent in his communication (IMO).
I'm not bothered at the moment about the CFOs resignation because we simply don't know the reason why - it could be a disagreement but it could also be for personal reasons.
The internal litigation, we don't know the nature or scale of the litigation yet, so again, not worried at the moment.
Delayed filings - perhaps they've found something that needs to be investigated, perhaps that's what this new litigation is about, we simply don't know yet so a knee jerk reaction is kind of dumb...
The $10M debt, 80% will be resolved amicably leaving $2M which probably relates to the company which charged for providing an alleged service to IFCR long BEFORE DF took over.
The other 'new' litigation for $8M - it sounds like it is questionable and so they make make a counter challenge to drop the amount with some kind of agreement.
In all of these cases, BK does no-one any good whatsoever so it is in everyone's best interests to settle in whatever way is agreed.
Still long and strong IFCR...
Per Ardua Ad Astra
