All current Israeli employees will receive generous termination packages paid by EUO.
- Doron will receive a diamond studded exit package in the end while still receiving generous compensation during the wind-down.
- Doron will “recreate” Xenemetrix and maybe even Croptimal but I somehow doubt the Croptimal part. He will absorb all of the hard assets likely in a new company free of charge compliments of EUO.
- The current EUO management / BOD will award themselves some rather sizable performance bonuses for coming up and closing this rather “ingenious” reorg.
The part to pay attention to ... None of these reorg artists (the BOD) have any stake to speak of in EUO.
It’s not in their personal best interest to “gamble” EUO’s cash on some new venture. It’s in their best interest to do NOTHING while siphoning off as much as they can.
Folks, wake up. BR may have been a rotten self-serving CEO but the clowns in charge right now helped to get him there and they have no incentive to change the pilferage aside from some more than golden parachutes they may plan to put in place.
IMHO this is a very calculated move designed to pilfer EUO’s remaining asset, cash.
It’s a good plan and there is no major shareholder willing or able to scuttle it.
PS: I had visions of possibly getting back in subject to a possibly beneficial reorg. Today’s NR made a mockery of the term “reorg”.