News Focus
News Focus
Followers 2
Posts 108
Boards Moderated 0
Alias Born 09/07/2006

Re: DewDiligence post# 4153

Saturday, 06/09/2007 10:12:22 AM

Saturday, June 09, 2007 10:12:22 AM

Post# of 12660
<DNDN in its current form will probably not survive until the 9902b interim look>

to me, that would actually be a positive, as i think Gold as CEO has at times been reckless and if this latest allegation is proven in court, he would be finished, imo, which then may pave the way for a partnership sooner rather than later.

the problem with this scenario imo is that, watching Gold from afar, it is doubtful he will simply roll over and go away quietly, so this lawsuit (assuming it has merit) has the makings of a long drawn out affair, until at least 9902B interim is ready, with Gold trying to hang on for the results to "save" him.

the only way this lawsuit has any impact imo is if the BoD directly intervenes (either on its own or with outside pressure from long, activist, hedge funds) - judging by the BoD's actions to date, (i.e., enduring the hedge funds' attack on the stock for over 2 years) imo, it is very doubtful they on their own force Gold out.

jmo.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today