Frankly I think Zerbe has also given up in his own way. Meaning I think he might actually be foolish enough (even more so than he has already shown) to think he can just milk this along without naming another CEO - meaning he just keeps the title.
I'm guessing he is willing to just let this ride on the hope his payday is when PAR finally kicks in - as Bill Cosby said, how long can you tread water. Forfivo is a disaster and migraine isn't much better (still haven't been able to secure a marketing partner, even though it is basically approved pending the supplier issue).
Zerbe's getting old. At the Khosla resignation conference call he didn't even remember basic details about where the company was with PAR. I have been holding - average $0.49 - in anticipation of the new CEO announcement. Figuring if they actually hire someone with credibility, this could move back up to the 200 day ($0.70) quickly, then sell.
If no new CEO though, I expect it to set new 52 week lows.
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