RE:RE:RE:Oakville - show some leadership please provide an updaterad10 wrote: you are too charitable register - On August the 3rd it is business as usually and then less than 10 days later there is a half billion dollar write down; projected revenue is adjusted down by 200 million.
This is NOT OK - and the reason every two bob legal firm is salivating..
Longs need tea and sympathy - lets hear about the new product releases etc etc. They don't even answer the phone in Oakville.
Your comment is a good one and I agree with it. That is why I think the Board has to ask Mark Thompson to resign as Chairman and CEO if no takeout deal is cut this month......
Regarding my previous post: I was simply making the point that there is not much more CXR can say at this point given they are apparently in a blackout period due to their strategic review.......If the company is sold this month, having Mr. Thompson vs. another CEO will likely make little diffrence, but if this review process drags on past this month (or ends at any point), Mr Thompson needs to step down immediately and a replacement found.....like you and others have said, he dropped the ball badly and needs to step aside if the company is to continue functioning as an independent entity going forward....