Monday, June 15, 2020 1:16:33 PM
Every piece of news has been and will be hit with crushing selling pressure. Too many private shareholders own a billion shares and realize how difficult it will be to sell them. Getting the PPS to 1 cent without a R/S will take a VERY long time.
KW can convert the loans at a 50% discount whenever she wants. Conversion and dumping will net IBEX significantly more money.
IMO, KW took the vacated job of CEO and Staelin is now taking the vacated job of COB because it would cost time and money to find anyone else for either position. Appointing KW and RS to these positions was just the easiest and cheapest way forward, IMO. Where else would they find a CEO or COB?
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