It has been a week, not a month. The former CEO allegedly was dipping into the pot. ie. stealing!!! This was not reported to authorities ans he was given an opportunity to step down. That should have been disclosed as a material fact and investigated further.
Mr. Laramie is still under investigation for alleged misconduct financially at his former employment. I understand that there is pending litigation on that event as well and that has never been disclosed.
As far as the math. If you can add 1+1=2, then you can see that the revenues cannot support the salaries and debt service and still remain viable. Salaries must be cut deeper.
Remember, we are on the same side.
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