RE:RE:JJ has had his chance but was unable to deliverThe news release wasn't clear on whether JJ stepped down on his own or whether the board forced him out. But I think perhaps Iscfa's post is relevant to perhaps offer clues with the Special Commitee's assessment of JJ's actions in doing something (even if it was inadvertent) to cause a possible dark cloud on the company. If perhaps THAT is what the AMF, SEC or OSC have been having issues with all along, perhaps now it's settled? Don't know. Not enough info here imho. But I think a fresh experienced face is needed as a CEO to carry us forward to the next level. Caving into a lowering of the private placement price smacked of weakness imho. And there also seemed to be a bit of confusion on his part when explaining about the pull from NASDAQ and when Tenet could re-list again. Sounded like he wasn't so sure on the processes. I think he needed better guidance imho.
Hopefully we get more news about what exactly happened. Would be nice to have an interview (however brief) by the current interim CEO to explain what happened or quell any investor nervousness on the matter. It was smart of them to announce it on a Friday to avoid any panic selling. The weekend helps investors in general to mull over JJ's sudden departure. After all, Tenet is a team pool of workers and idea implementers... and watching the videos of their Canadian Hub kickoff, it's a good reflection of that. One man doesn't make a company, an innovative group does.
I wish JJ well. And I hope the next to succeed as full-time CEO will help further the company to the next needed level.
Gonna still hang onto my shares. Tenet is still a valuable company with it's tech offerings. Better days ahead.
GLTA,
PR