RE:going to zerow with the suits in commandwhat evidence do you have to support this thesis?
they have 45 days to get cheaper financing to replace the LOC from HOOP,
find a new CEO and restore depositor and investor confidence.
The : suits that you mock are experienced directors who have been in similar situations with known track records of good governance. There are no guarantees but you mocking tones belies an ignorance of what solid professionals they have hired. When you are sick and you go to the doctor, do you want some uneducated quack who hasn't graduated from medical school or do you want a top notch professional to help you out?
The company and its new directors are being open and forthright about its situation and are dicslosing their cash positions every day. they are aren't running and hiding out at the golf course. They are rolling up their sleeves, and knocking on doors, pounding on pavement, talking to banks and other investors to try and fix this situation.
They seem to be talking about doing the right things and their collective wisdom and experience indicate that they can and will execute on their plan. The company will not be as profitable this year but there is still an opportunity to right the ship. But they aren't making wild promises either. It is risky. But c omment RBC MBA's indicated your ignorance- The director Alan Hibben was the managing Director of the investment bank arm of RBC. he ran NA Trust, he worked on the ONtario Hydro privatization, worked for the OP Trust, Hudson's Bay Minerals, He has the experience Home Capital needs. he will help attract the kind of CEO the company , its depositors and investors will want. It is a stark change from the predecssors, with no ties to that group and should mollify Mr Cohodes and his band of thieves.