RE:CFO departurepuma1 wrote:
RBC saw it as a good move from the company in their initial comments of yesterday. ...... My hunch for his departure was that there was a leak in the Finance side the other week. It somehow got out that there would be a $10 or so impairment charge. There was talk of a leak on this site even, which shows it was a big hole.
There were lots of "LEAK" posts suggesitng a PE deal, but none that indicated an impairment.
If there was talk of an impairment on this site then please reference that post as I may have missed it.
The "leaks" were all pumpers attempting to get people to buy into this stock based on a deal that they heard about. The posters that posted that they heard from a source know who you are and I am sure we will hear more stories like this next week.
The CFO jumping ship is not positive. This company has some questions to answer about its accounting and the Gaap accounting / OSC reference that they made in their earnings press release made it quite clear that they are getting pressure from the OSC how they report their numbers.