Replies to post #18950 on CurAegis Technologies Inc (fka CRGS)

[dread50above]

Who is the current leader of this company?

That's a scary question. Up until March of this year, I had stated the following in the iBox:

Succession plans in the event of health issues within this primarily family run operation are unclear.

At least one poster here took issue with that statement although it seems clear today that the company wasn't ready for any succession of Sales/Marketing/CEO roles. To me, that represented a major lapse on the part of the Board of Directors. Whatever the reason for JG's rather sudden departure, it didn't take a rocket scientist to see that his health could become a factor. I don't wish health problems on anyone but this was an obvious issue that the Board appears to have turned a blind-eye to.

OK....so no one is left in a leadership role now; at least no one has been announced other than a 'committee'.. Some would question whether we are worse off. I would argue, we are. At least you had the 1% glimmer of hope that JG's bravado might actually pull off a deal one day. Now you have an absolute void of any leadership. We've slipped from 1% to None%.

If Wall Street climbs a wall of worry, it's no wonder that a CEO-less company slides to new lows. $0.35 a share is ugly getting only uglier until this Board either takes action or resigns. The Board have, IMO, completely ignored their fiduciary and legal responsibility to shareholders of this company..

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