This man, Kevin A. Denuccio, was in charge of a company named redback Networks he took over as new CEO. The company was traded at 35 by the time he took over. He basically drain the stock price to low zero point just like VMEM destroying stockholders. Once he's done diluting shareholders shares, he file for bankruptcy wiping out them.
Right now, im really worried. He haD showed no compassion for Redback shareholders; hes basically doing the same thing to VMEM shareholders. Hes going to file for bankruptcy wiping out shareholders and create new shares for new stochholders. That's his style. Now, I have no idea what to doo. My portfolio will be gone. I don't trust this CEO. Its his intention to keep diluting shares.
