RE: RE: RE: Default on $4.8 mil DebtAll stocks have short term pops up and down. Healthscreens stock hasnt fallen on huge volume. So this is not a huge sell off as you suggest.
The company has cash in its accounts and is working to rectify its debt situation with Wellington. My suggestion to shareholders is to give the new CEO time to reright this ship. I will not defend Justin Belobaba's decision to blow thru money as he did. This new CEO is a nuts and bolts kind of guy who looks at the bottom line. So short term there has been pain. Going forward we will see results from these changes he has made.
Where I took offense to your comments Johnsmith is the company is not financial hardship as you suggest. They still have cash and they are working with Wellington to rewrite their terms on the loan. The most recent press release stated this should happen between July and September.
So between now and then my feelings are we will see the results of Stewarts changes in the marketplace.