RE:New Press Release - Electra Names New CFODo you think the resigning financial guy was running out of options and quit? I wonder who will hire him with the ELBM stock consolidation debacle being such recent experience for his CV.
The 18/1 consolidation of ELBM shares financial engineering certainly did not work out.
Those who did it have made a financial debacle instead - with the shares now about 8 cents a pre-consolidated share when they were about 40 cents when the company announded their plan - an 80% drop in share prices.
I hope their was no golden handshake involved in this exit.
It is another chapter of a long unhappy story for shareholders.
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