RE:National Bank - TWM Target down to $1.10 from $1.25This is what happens when your two most important executives are fired without explanation.
All of the gains in both Tidewaters, TWM and LCFS, since early December are now gone. Obliterated.
It is also apparent that the companies will brazen it out, no explanation will be forthcoming.
This situation is one of the few where you thank the stars that this thing doesn't have a US listing. Down there, they take a very dim view of executive departures of the unexplained kind. If we were listed stateside, I believe we would be down 30% minimum, maybe more. Doesn't matter how much money your company has, if you don't have competent management, you have nothing.
I am really surprised that Birch Hill hasn't explained to these schmucks the very basic rules of the investment game.