BoD and interim ceoNeed to share good news soon. I can only assume that Nav was dropped as he wasn't meeting expectations, maybe due to delays in fit ups at 7acres, or Kitchener, or elsewhere, that ultimately will lead to missed revenue opportunities and more missed quarterly targets/annual target of $150 million.
Why else would he have been fired? It's all about the money and the board lost confidence in his ability to deliver. JMO.
So, where does that leave us? At 48 cents a share. How much of a miss will the upcoming quarters be? How much is already priced in? Don't know.
Ive averaged down.,,again today. It was not my plan to do so, this was supposed to be a trade again, but I didn't pull the trigger the day before those last quarterlies as I thought fire was different and would have reported better results.
It is what it is, there might very well be more pain coming, I hope not too much, but I really hope that the BoD and our new interim ceo don't wait too long to make some positive announcements. We need their leadership and this is their time to shine and lead us out of the fire.