RE: PresidentCorrection, was president. If you read company news releases Kirk Reed is now President and CEO of cdo. Rene is now chairman and director. Sometimes people sell shares to puchase stock options at a lower price you know. I believe he and his family still own between 15 and 20 million shares in cdo, although in Aug when he resigned as president and ceo of the company, around 10 million shares changed hands in three days. Who the seller(s) were is still unknown.