That's up to Identa's BOD not just it's CEO
Recall when he broke his wrist how business slowed to a dead trickle? How about when his better half came down with an extremely serious health complication and the BOD kept Identa going whilst he took some 3 months off to help her convalesce. My point is Mike none of us are getting any yonger least of all him.
THE BOD as a group almost certainly would have enough voting shares to oust him. I can't recall exactly but Glattstein alone ( the brains behind the brawn) had as many or slightly fewer shares than the CEO. Now what about those mysterious private investors I ask how happy they might be with share performance as this stock flat lines in completely comatose market disinterest. Don't kid yourself the money used to pay the new CEO would be coming out of everyone's pocket.
The company has nothing that will impress the market currently so the stock will continue to languish no doubt retract further as retail gets plowed under and reporting remains another dismal failure. Ultimately it's how long the BOD will tolerate the current figure head who never has figured in the first place. The BOD must be as fed up as it's common share holders.
He won't change the way he does things and I agree the PPS can only dive from here on it's current course. I absolutely agree 110% he could care less about his shareholders, that has been proven time and again in each meaningless PR. If the board gives two hoots they'll strong arm him to step down, not unusual and in this case easily justified IMO. I suppose the nail in the coffin will arrive with the R/S where he can dump all this mess on the young gun designated to clean up this dog's breakfast. It won't be pretty no matter how it all unravels.
Anyway the chips fall. There is no better substitute than YOUR OWN DD
Including mine...good luck!
