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Thursday, December 22, 2016 4:39:54 PM
Also if you are a director of a company that files for bankrupty you have to disclose that for many many years in other securities filings.
Bordessa could have easily recused himself from board votes where there's a conflict. He'd also have more influence in the "strategic direction" from inside the board room, not outside of it.
Don't kid yourself - he resigned (IMHO) because I believe Cyrus is gearing up to declare a default on the debt, and he's concerned about personal liability if he stays on.
All you have to do is study other such situations.
The fact that the daytrading swarm is on this name right now is a give for anyone that wants to get out with something, IMHO.
I don't think this company survives the end of Feb.
All IMHO and speculation.
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Caller: But why did you back away from your prior guidance?
Eric Kelly: I am sorry? Hello?
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