hello mr, thanks for the reply. the 8k explicitly said it was not financial in nature. that takes a lot of possibilities off the table but leaves the door wide open to speculation. the company is being very careful to say very little and not saying anything that would be libel. the current management does not want this to be viewed as a personal vendetta against the formal ceo, sealfon. this is one reason why they hired the outside firms for guidance. but the current management is also saying that there is something that can not be swept under the rug and needs to be looked at.
its a narrow difficult road the management is walking. They are trying to be as transparent and honest as they can.in the end there might be a settlement with a non disclosure and we will never know what is behind this? in some ways i think this would be best.
mr holty below is a quote from your post Common ones include stuff like Country Club Memberships, parts of travel, etc. For Selfon he viewed this company as his baby and probably charged some personal items to the business. He also probably worked more than anyone else and didn't charge some stuff to the company since he viewed it as his business. Every small business owner that I know operates this way and REPR is a small business.
i want to add to my response to you. the 8k said the problem is not financial. And the current management would not go to the expense to go after the little stuff. They would either close their eyes or ask that andy reimburse the company. The management is looking into something more serious. what it is we do not know.
i am not disagreeing with you about family businesses. family businesses are in business to enrich the family. provide jobs for family. and as you pointed out give some perks for the family.
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