RE:RE:Wait...did MT cancel his appearance on Friday? I agree with those who believe if Mr. Thompson used a "travel" excuse, it is false.
However, I don't think anyone who posts on this board knows the real reason why he cancelled the interview.
It could be more trouble with him personally or with the company in general has recently occurred which eliminated any positive news or talking points he wished to convey during the interview appearance, and he's running for cover.
It could also mean a deal is imminent but can't be announced by Friday, so he is delaying his appearance until it can be officially announce. If so, he may appear after the announcement to try and sell the deal to shareholders.
It could be some other reason.
In any event, the one thing that I believe must happen is for him to submit his resignation as Chairman and CEO if no deal is announced by the end of this month. Broken record I know, but I think the Board would be derelict in their fiduciary duty to shareholders if they do not act to remove Mr. Thompson from the Board and from his position as CEO.
A written transcript of CXR's most recent conference call (August 12, 2016) on Seeking Alpha's website quotes Mark Thompson as saying:
"With respect to the strategic review, it is ongoing. It has not stopped. We’re looking at one very specific opportunity. I recognize that people are frustrated that it’s taken so long. But again, if you look at the timing and events that have happened over the past couple of quarters, significant things like Brexit have come up which have been bumps in the road. So the full Board is engaged now in what’s going on. And we’re all quite hopeful that we’ll be able to provide some news shortly."
I think 1 1/2 months is plenty of time to cover his "...provide some news shortly" proposition.....If not, he needs to go - he has had plenty of time to provide whatever "expertise" he could offer with regard to any potential sale of the company and was paid by CXR shareholders for providing that guidance....The Board needs to appoint another individual as interim CEO and move forward. Actually, I believe if Mr. Thompson has any decency he would submit his resignation on his own initiative - I cannot see the investment community regain confidence with Mr. Thompson as Chairman or CEO of CXR given what has transpired over the past 12 months. He has lost credibility and shareholders have paid a very heavy price for his mistakes and the resulting reputation he has generated for himself…..Time for him and the Board to do the right thing if no deal is announced by September 30, 2016.