Did anyone read the PR top to bottom? stolen from yahoo N chat board...
Wow. The noise on this board. The company puts out a pr that actually has a lot in it if you read it thorough. Few points below. Take it for what its worth. I'm sure bashers will bash & spin but, company pr's are what you have to go by not people behind computers.
1. Meni Morim, Interim CEO Very very good choice.
2. Darren Gill, Other very good choice. Please read his Bio
3. Strategic Review, "Maximizing Alternatives" Great for company and shareholders.
4. Financial Position, Namaste "remains" in a strong financial position with cash. Nov.2018 they roughly had $80 to $90 Million. I think they don't have to rush anything. Very low over head & debt.
5.The Special Committee's "thorough" investigation examined ALL allegations against Namaste (the company) The ONLY ONE that was substantiated and required action was the Dollinger Enterprise transaction with the US Subsidiary. Again only one.
6. The Special Committee recommended that in the "best interest" of the Company Sean Dollinger be terminated.
Conclusion: The company board did what there are designed to do. They had to terminate the "Founder" and CEO. That is not an easy task but done for the sake of the company and shareholders. Now that the Bud has been nipped (pun intended) Namaste can move forward.