RE:Two Ways That May Make The Bleeding StopRegister123 wrote:
The market appears to have lost all confidence in CEO Mark Thompson and the Board.
This share price plummet may continue unless one of two things occur:
1) CXR announces a sale of the company at a significant premium to the current share price.
2) CEO Mark Thompson announces his resignation and a new CEO with a good reputation is brought in and commits to paying down debt and perhaps selling off some non-core assets.
Great call by me back on September 9.....too bad it took the Board 1 1/2 months to finally do the right thing...CXR closed at $9.51 on the day I said either sell or ask Mr. Thompson to step down......They didn't sell and let Mr. Thompson hang around as Chairman and CEO, and even with this good news announcement, the stock closed under $6.00 a share.......