RE:RE:RE:RE:RE:RE:Supreme News!!!!!Lol dillusional spin artist! To quote from Lego 2 " everything is awesome " quote=OptGreen]This is not a shock bk, Dhaliwal was there when the shake up came and it appears he was the one to take the lead at the time....he came from the government, he does not have the pedigree to be a player at this level at this time. This does not seem like a knee-jerk move to me?
The guidance that was delivered by Dhaliwal has someone like Moore's background all over it, Moore does have the experience to at least be a big part in the guidance...it feels more like the guidance plan was hatched with Moore maybe at the helm or at a minimum a material part of the plan, as he has the experience/ background but not, for whatever reason, at the CEO slot so as they look for, and maybe now have identified, he moves into the Pres chair of which he is well qualified for and can/ will be a good fit with the right CEO going forward.
To me the guidance is key to everything, the start of this company to become a going concern now and long int the future. The guidance is bold, addresses the packaging/ supply network and focusses on bringing the company to full production in the shortest time possible while ensuring growth necessary in the short term to not only survive but continue to grow and prosper. To bring this company to the level it deserves.
As long as the guidance remains on track to being met or exceeded at a minimum while they find and bring in the talent necessary to pilot this company to fruition going forward, this is just good business. FIRE is still the best positioned to survive and prosper in this industry and has no where near the level of problems that the rest in the sector have now and going forward. This move appears to be another step in the restructuring that started with Fowler leaving and the guidance announced. JMHO...Opt
brentkosta wrote: Fastlane2 wrote: I have to say that this news is 'freaking unbelievable'. We have recently seen changes with board members and executives and now the CEO is removed. Don't kid yourselves people this is not a step down or an offer from another company, this is a board decision to move to an extremely different direction as I would presume Nav had simliar motives as Fowler. This is a clear 'statement' from the board to investors 'our share price is reflective on leadership' and if you don't think that your dilusional.
I agree. The board is quite aware of how putrid their management team is. They did the right thing. However, they voted in this clown to begin with. The entire board is trying to figure out any way to keep this company afloat.
THe abruptness of Navs departure tells me, there is a HUGE let dodwn coming in revs. Perhaps another crop loss? Maybe a fumbled 2.0 launch? I would not feel comforatable holding a sizeable position of this pos at the moment
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