Current directors finally tossed to the curb? ABA management announces they have been stripped of their options, which would normally indicate a new group has insisted on their departure before stepping in to clean up the mess created by these people since they initiated the imminent collapse of the company by terminating the former president and the investor relations division.
Coincidentally, today is the one year anniversary of the BCSC sanction against the former president, nonsense which was trumped up over a $5,000 accounting error, and who is now free to resume his formerly successful role as a director of a public company, whilst this slate of delusional management will quite likely continue to run whatever companies they are involved with into the ground.
Presumably any new group will have rock solid handcuffs and leg irons welded to these guys and also dilute them appropriately for the damage they have caused the shareholders and the damage they could potentially cause anyone else if provided even the slightest opportunity to do so.
The entire group must be absolutely and permanently eliminated for this shell to have any chance whatsoever of success as a new entity.
We shall soon see if my observations are correct.
Might be that a falsely depressed price giving anyone potentially unfair costs on shares and incentives is something the TSX and BCSC would look unfavourably upon.
It will be interesting to see what activity may occur in the market in the near future.