He’s missing a lot of marks of firms that would handle this situation:
A) launch a partnership program with another LP to ensure current customers needs are sustained and to mitigate any hemorrhaging of a revenue base once the ability to grow resumes
B) reissue statements and conduct a PR campaign to push off hostile takeovers, acquisition news (if I was serious about actually making a rebound and not just liquidating)
C) make the special committee results public and allow shareholders and customers access to the findings for full transparency
D) provide a proper roadmap to resuming proper operations (I actually think this is in the works, I heard some things about the plan)
E) better explanation of loans and capital spending at this juncture. What’s happening with facility retrofits/fixed, staff layoffs short and long term etc.
The news trickling out isn’t enough to convince me that any of the above is being handled properly. If they were the SP would stabilize instead of bouncing (a result of pure short/pump manipulation).
The interim CEO seriously needs to get his sh!t together or he’ll miss his window of opportunity.
Again just my opinion. Time is of the essence.
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