RE:Don't kid yourself the financials will be cleaned up!trader53 - (10/27/2021 2:48:27 PM) Don't kid yourself the financials will be cleaned up! New CEO gives Hexo the runway to cleanup their financials and they will want to cleanup as much as humanly possible. You have to know that the previous CEO left many skeletons in the closet which have not yet been disclosed and were a catalyst towards his hasty departure.
The CEO/Board doesn't decide 'cleanup' - they might request that the external auditors do certain accounting entries, but those are only done if the requests fall within the rules and regulations that govern such filings - in Canada GAAP.
The new CEO is a marketing/beer salesman - how in the world do you think he suddenly has the corporate accounting and financial expertise to 'clean up' a balance sheet? As for Trent McDonald, he's been here since what - last December as official CFO (and sold men's barber and grooming supplies prior) - not sure he's can be much assistance other than to sit in a meeting with the auditors and told what Hexo can and can't do. He sure didn't stop SSL from running amok and buying Zena and 48N - and if he actually supported those decisions, he should have been gone with SSL