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Re: Full Contact Yoga post# 8143

Tuesday, 06/19/2018 12:45:00 PM

Tuesday, June 19, 2018 12:45:00 PM

Post# of 12668
That's not how I interpret the resignations. It looks to me that they are cutting costs and getting rid of all their debt. See the text in bold below.

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"As part of these changes, the Company also made an equity grant to eliminate all accrued cash compensation due to non-management board members. This grant was made to further improve the Company’s working capital position and to reduce current liabilities. In addition, future Board compensation is expected to be reduced by approximately 50%. The Company has been conducting a comprehensive expense rationalization program in the second quarter as three acquisition made during 2018 are being fully integrated."

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