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Officiousintermeddle

11/06/19 4:41 PM

#3577 RE: doesitreallymatter #3576

You may know better than me, but what makes me think that NY is still around and still has influence is the effort that is underway to recapitalize the company while preserving the common stock that is currently outstanding.

If Yates didn't have any influence over the process, I would think the Board would come to the conclusion that the common needs to be wiped out and a deal needs to be reached with the creditors and new investors. There's no room (or value) for the common.
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Alvie

11/07/19 11:32 AM

#3581 RE: doesitreallymatter #3576

Ryan came in as a consultant at the urging of shareholders/franchisees to correct the logistical issues with the supply chain. He became acting CEO Sept 1 and has been focused on correcting the abuses of the past since that time. NY is not still around, even in name only, in spite of the fact that his picture remains on the website with the title VP Business Development. I don't think it is a priority to update the website at this time even though I have suggested to them to do that.