RE:AGM was a farceSorry to hear this.
I wish Oberman and the new guys well - but they have inherited a really bad situation. I would want very generous stock options and a very good long term incentive plan if I was in their situation. They are pushing on a rope. The debt to EBIDTA is overwhelming, the product mix is uninspiring, and Thompson et al. were completely outplayed by the clever chaps at CINVEN.
Any turnaround will be slow and there will probably be a debt for equity recapitalisation. It might be worth revisiting at that point.