This “F and I” CEO made this announcement today to buy more time. He is just kicking can down the road. This has always been a pattern with this “F and I” CEO. He will give a date way out far for some goal. And when the goal time comes and it’s a show time, he will come up with some lame excuse to buy some more time. This is the modus-of-operandi of this “F and I” CEO. He had approvals from Turkey, Russia, India, Indonesia, where are sales/revenues from these countries? He just want to earn his living from stockholders’ equity. This “F and I” CEO don’t have any stake in company. He is no way near to secure financing in July/August. No same banker/financier/boutique investment bank is talking to him. The only people he is talking to is vulture toxic financiers. His job is to bring value to stockholders and he has proven it again-and-again that he can’t do that. He deserves a boot for good without any golden parachute.
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