Repro Med Systems Inc (REPR)

[mrholty]

Wow is right.

I think people could read the writing on the wall.

There are 7 people on the board. Sealfon (founder), Dr Baker (probably friends with Andy), and Pastreich (who owns the building).

I assume Manko got in once he bought a bunch and got Goldberger to join him. They also probably hired the new CEO and CCO Pettigrew.

What is surprising is that presumably Anderson and Radin came in with Andrew as they have been on board since 2015 and 2016. Clearly they must have been onboard with this as they must have been the ones to side with Goldberger and Manko. I remember when Anderson joined as it seemed like a step up in quality vs prior board members.

This battle is going to cost the company money, time, focus. The good news is that this fight will allow us to really see the playbook for the new team as they have to convince us to side with them as they are behind in ownership of shares.