Wednesday, August 03, 2022 10:48:00 PM
In my view it's getting sketchy. We have two CEOs being either fired or resigning within a year. There is probably some internal fighting going on. I suspect Imbimbo fired Frank and then Tiffany either couldn't hack it, or saw danger and had to leave before earnings.
In my view, given the uncertainty, it's no longer an investment, it's more like gambling. I mean the assets are real, but this company is like a drifting ship with no management continuity. Their cashflow is done, Frank started using toxic financing, they likely can't hire an outsider (any high profile CEO, would have high profile salary demands they can't afford).
Also someone posted this on the yahoo forums, that's kinda worrying:
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