Replies to post #175 on Pinetree Capital Ltd (PNPFF)

[Stevebb]

In connection with the execution of the Forbearance Agreement, each of Messrs. Roger Rai, Sheldon Inwentash and Marshall Auerback will resign from the board of directors of the company. As well, Mr. Inwentash will resign as Chairman and CEO of the company. Richard Patricio, the company's Vice-President, Corporate and Legal Affairs will assume the responsibilities of Interim CEO

Not sure if they are searching for a CEO or if the current guy is going to be permanent