Everybody, to me, IMHO, this is very simple and explainable.
1. They are trying to cuts costs and save money while increasing revenues to qualify for a refi. Why in the world would they add the expense back in of 350k a year to hire another CEO at this point until they get through the refi? Would not make sense and having the COO and CFO that are technically "free" to do their job because their salaries are already factored in, this makes total sense that they would not hire till post refi.
2. Why in the world, this late in the game on the refi and a massive change in the company structure, would they decide to hire an outside CEO? And, maybe the current guys shareing the CEO position are not sure they want to take over untill they make sure it all is going to work? But the most important part is, I am guessing guys, that the BOD is currently in total control of the company IMHO. And because of this, they do not want to bring anyone new in at this point when they have everything planned out or decide to promote someone to CEO who technically stood by while the company was run into the ground. That may be most of the reason why they are refusing to fill the position at this point.
Seems pretty simple to me. Unless they are merging which would make sense also. But, why try so hard for the revenue growth if not trying for the refi? Good question.
Here is my guess. The refi is not inked yet. The reason the refi is not inked yet is because part of the terms of the loan refi was specific numbers for this current quarter. IE, the quarter ending the end of this month. And seriously, you have to admit that makes sense also. I would guess there is a better chance for refi because of their actions then merger IMHO. But I guess we will see. Plus, dont we get a vote if they try to sell the whole company? Plus, who here thinks the insiders are going to say "thank you very much, have a nice day" and walk away from their millions and millions of shares they hold? They are on our side my friends. We all hold common stock that is the key to profit individually. Trust me. That is the biggest tell of why I think this will work out or they would have been gone long long long(did I emphasize a long time ago enough so you get it?) ago.=-)
