RE:Now that the horrendous financing for existing shareholders kukaman wrote: is completed Luxton and the CFO Archambault should step down. They obviously do not have anything left in them to contribute in order to create shareholder value. The share price is already down 30% from the recent IPO price. The lack of credibility and trustworthiness of the management team is obviously reflected in the current share price. The bad reputation of this management team is well-deserved no doubt. In the interest of the company moving forward changes are obviously needed.
So what planet do you live on? You don't really believe that either of these two clowns would step down in a show of their incompetence. They won't even respond to shareholders questions, their IR guy is a puppet defending the company position, this should come as no surprise.
Management would likely tell us that they made this move to create shareholder value. Bottom line exsisting shareholders got screwed, we know it and the company knows it. Nothing more needs to be said.