James, if true, and he was kept out of the dark on this, it's speaks to the possibility that they are moving directional to sell the company, and to do it quickly.
Not only was he the CEO but he had a seat on the BOD. If he had no idea it was coming that's pretty pathetic or that's just what he told you and we already know you believe everything he tells you. I for one think he definitely knew it was coming!!!!!