Replies to post #25610 on Value Microcaps Motherboard

[bbotcs]

digitech: CHAR

Well that certainly is a red flag. When I hear that a CFO has resigned, I squirm. Maybe Nigel found a better position.
Maybe he doesn't like the way management operates. Maybe he has been a bad boy. Who knows. Sure wouldn't buy shares now.

[cliffvb]

Char, Digitech, Thanks for the PR on Char's CFO leaving. It is still not showing up on Yahoo or my online broker's newsline nor do I see anything on the RB board yet.

That seems to make them less than forthcoming with the PR CHAR released 10/4, which is 4 days after the CFO left:

The Company is not aware of any operational or managerial changes that would cause such change in the stock price, and the Company remains on track to reach its operational and financial objectives for fiscal year 2005.

I also wonder how CHAR's CEO could have been unaware of the pending sale of Nelson to Lukoil as claimed in the same PR since he also is a senior officer at Nelson.

With that, I sold my remaining shares. It was nice knowing CHAR, but needless to say I did not expect the recent turn of events.