Good to hear from you Stox,
The duality of management doing a great job and succumbing to the violative, and both wanting them to stay and be a part of the rewarding course they have set, yet to step down and/or endure due process for their indiscretions for the good of the shareholders/company.
In a recent post of yours, you quoted (paraphrased) Susan in the IR dept: 'They haven't reduced as of now and maybe in the future they'll continue to but right now their focus is on expanding the co that is exploding way above anyone's expectation.'
If I interpret correctly, the "They haven't reduced as of now" referring to the O/S...could we be in for a surprise when the O/S is finally revealed, or do you think they've reduced it as advertised?
Also, what do you make of the new man on board, James Reilly. Is he there to support the auditing process, or is he the heir apparent to Mr. Moskowitz in the event of his stepping down/forced resignation?
SpongeTech has retained James Reilly as an internal consultant to assist in these efforts. Robison & Hill remains our public accounting firm. Reilly is a licensed Certified Public Accountant (CPA) who spent 8 years with Ernst & Young LLP providing audit, accounting and tax services to publicly and privately held companies and more recently has served as CFO and/or Controller of medium sized private and public companies
BTW, No problem about the email, fully understandable.
Here's to hoping more news and good news is imminent.
Best Regards to you and yours,
dalessan
AI
