RE:Question for everyone Hi Invstigator,
I will take a shot at answering. I believe that something along the lines of what you suggested will occur. The parting of ways with Stikeman as their lawyers tells me that at the very least there is a difference of opinion between APHA management and Stikeman in regards to how the acquisition paperwork was evaluated/reviewed/interpreted. Equally as important is that it sets the stage for the company to admit to some absence of appropriate due diligence/corporate governance in regards to the evaluation of acquisition in question. Therefore, It is not an admission of wrongdoing on behalf of the company so the result is that it will allow APHA with its’ tangible assets and operations to move forward as a going concern. For credibility to be restored on the Street, APHA will need to demonstrate it is serious about its’ reputation. That in my view means the guy at the helm (CEO) during the period in question has to go. Vic N should step down, allow APHA to move forward with a clean slate. Accountability begins and ends at the top.
glta longs
Carter