Air Industries Group (AIRI)

[I-Man]

Hour aftyer I posted last Friday, AIRI releases 65 page SEC filing now and PR statement... I hope they come through, as i have heard this statement so damn many times in 30+ years from various CEO's only to see bad come... Kinda like a divorce court judge saying "it is in the bests interest for the children" BS!

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Mr. Lou Melluzzo, Chief Executive Officer of Air Industries commented: “Since becoming CEO of the Company in October of 2017, I have been reviewing the strategic direction of Air Industries. In consultation with the Board, we concluded that it would be best to focus the management and the resources of Air Industries on our complex machined products for aircraft landing gear and jet turbine applications. Based upon this conclusion, we determined that the divestiture of WMI, which we see as accretive, is in the best interest of shareholders.

We anticipate that our focus on our core accretive businesses is in the best interest of the shareholders and in line with our stated strategy to streamline the business with a focus on profitability.”