The vision lives on at Spectra7, says Cantor Fitzgerald I noticed in this thread in places, posters speculating on the future of current patents Spectra7 holds, due to Tony's death. I am researching Spectra7 currently and just stumbled upon this article which basically stated in there that the patents people were worried about being affected by Tony's death were safe.
I will now repost that article below and highlight certain info to clarify the point I am referring to. I will furthermore, do more research into this matter to clarify and validate authenticity for my own DD's sake. If I have to I will phone or email the company to get any unanswered questions dealt with rather than like some of those blind sheep out there relying on anonymous strangers on a messageboard like SH where who knows what their secret money making motives are...
Anyways... here is that post to rehash or to help any of you with your dd if you so wish... ----------------------------------------------------------------------------------------------------------------------------------------------.
The vision lives on at Spectra7, says Cantor Fitzgerald Canada
BY NICK WADDELL The late Tony Stelliga. After the tragic and untimely death of its leader, Tony Stelliga, the vision lives on at Spectra7 Microsystems (TSXV:SEV), says Cantor Fitzgerald Canada analyst Ralph Garcea.
On May 27, Spectra7 Micrsystems announced that Stelliga had died suddenly.
“We are greatly saddened by Tony’s passing, ” said chairman Ronald Pasek. “The board and the company are indebted to Tony for his strong leadership, boundless energy and dedication, and significant contribution to Spectra7 during his tenure. The board’s thoughts are with Tony’s family at this very difficult time.” The company announced that CFO Dave Mier and VP general counsel and corporate development Cynthia Cole had been appointed to oversee the company on an interim basis until a new CEO can be found.”
Spectra7 this week held its AGM, where Garcea says there was an emphasis on the decades of experience the company’s current management team possesses.
“After the normal course of business, Cynthia Cole, VP General Counsel and Corporate Development, and Dave Mier, CFO, provided a business update,” notes Garcea.”Emphasis was placed on the decades of experience the current management team has. Concern surrounding the Company’s patents was put to rest. The core business will continue to be managed by Dr. Andrew Kim (CTO), John Mitchell (CMO), Charito Alcantara (VP, Ops), and Ebrahim Abunasrah (VP, Data Center). The process of finding a new CEO is ongoing, and the Board is confident in finding the right candidate. We would expect an announcement on the new CEO within the next 60 to 90 days.”
In a research update to clients today, Garcea maintained his “Buy” rating and one-year price target of $1.25, implying a return of 123 per cent at the time of publication.
----------------------------------------------------------------------------------------------------------------------------------------------- *I found this article on google finance and the site its from is Cantech Letter