Friday, August 16, 2019 12:13:00 PM
so the good news / bad news looks like this
Ron out - good news for shareholders
Ron's exit has a HUGE golden parachute (see employment agreement)- bad news for shareholders
The stock has at least some value and the company has a chance of survival in the near term - good news
The stock has a value of about .15 or less - bad news for shareholders
BOD has control - good news for shareholders
Shareholders still have NO vote on any matters - bad news for shareholders
It's going to be a while before the impact (damage) of the severance on the balance sheet is known
I suspect that Ron will be dumping every share just like Butler did and the severance may even include the company buying him out at a small discount to market and that'll drain just about every dollar they have
I told y'all he was winding it down and sucking every dollar out that he could
IMO
spec
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