SciQuest SQI

CEO Randy Turner disliked

[IloveNDM]

I spoke to the banker who raised the money last September. Their exact words were they're fed up with Randy Turner.They say Grandich is too and at least 2 board members.Their biggest complaint is they think Turner misled them. This could explain why Grandich (who I admire a lot) hasn't been pumping them anymore.

The fact that no results have come out from Yukon in months is a very bad sign.

We shall see.

[Letssetsail]

This is very vague.  How did he mislead them?  Grandich tends to pump when news is put out.  We haven't had real news lately.

[Sailortony]

iloveNDM,  I also agree that your comments are vague. What do you mean exactly?The important thing I know about Turner is that his strategy to control as much land as possible in the Yukon play area is a good one. You have a much better chance to find the needle if you own the whole stack!This is a long term strategy that has some downside for shareholders and bankers who are looking for

[mamy]

I wouldn't have thought that a banker would disclose information on a particular client like a CEO's problem with money/performance or credit worthiness...confidentiality exists in a lot of the professions..however I'm sure it does occur that breech client confidentiality.. however when info like this comes out in fairness to this CEO he should be able to reply to such perceptions

[tripleplay]

If you go back and read Grandich's blog from Nov.10,he states that results aren't expected until early in the new year so I think this is why he has nothing to say recently.

[maxandrelax]

Agreed.