GMCR officially a take over candidate based on your life story. 1-800-345-2550 per breaking news we have been following. green mountain coffee is an interim chairman of the board that has to do with stock sales. we will get more details on this story from tyler mathson. the story is a little bit -- stick with me. the company ousted the chairman and lead the chairman was robert p stiller and william d davis who was the lead director. they have been ousted and replaced by two other individuals. the director and chair of the committee. they will be chair and you can see they are trading down. davis, the ousted members who lost their positions had a brokerage firm and that firm then sold shares of green mountain coffee roasters in what was a margin call and green mountain as you know, the stock has been moving down in recent days. and the margin call sales violated the trading window on green mountain coffee positions. these were not insignificant sales. 5 million shares of the company. they are sold from the accounts and the trading window, pursuant to the company's internal trading policy. the result is the chairman of the board and the lead director have been oustedm t positions effective immediately. that's the story as we know it and we are trying to raise the resident expert for greenburg and if we do, we will bring it to you. we got it and thanks for the update. interestingly this story about the margin sales out early this morning, the stock traded higher throughout a day that saw it with pretty whip saw trading. almost as a first question, why wouldn't someone as wealthy as he put up the money to sell the shares if he had such conviction in the company. that's what you have to ask. five million shares is significant, but look, he is still there. i want to point out something, they have 500,000 shares and prior to the bad news. that's a lot of room and he doesn't have a plan in effect. at the same time i think it's important sales with the company. let's not forget and i said this over and the series of bad events that occurred which was a holder of the company. claiming global economic issues. i understand that's significant. one week on demand. this is a heck of a story. let me ask you something. to answer your question, i don't know that he would have sufficient liquidity. the second question i have is if he is released from the board, is he immediately free sell the balance of his shares? that's a great question. he is also the large shareholder in krispy kreme. the shares have risen to keep off the shares. that's potential liquidity. what is the position? i am driving right now. don't hold me to it. go back to driving. that is very dangerous. i believe it might be illegal. hands free. don't worry. thank so much for phoning in. even if the story was out lawyer, he raises a lot of issues and questions. we could have asked those at 00 this mo i ca maybe people were saying this guy has to be out and that's a great thing. a founder with a lot of shares and maybe makes him vulnerable to a take over. sara lee has coffee and business, maybe something they t. if you can get past that. looking for the next big thing
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