Post by
geralds on Jan 31, 2024 12:32pm
A post copied from Stocktwits
This is from Discord "glock2637"-->I contacted the company over the phone for over 30 minutes and partially confirmed what my gut originally was telling me...Zarko stepped down as CEO on his own and was in no way forced out partially because he has been putting in 12 hr days 7 days a week and because he likely feels he has taken things as far as he can with little to no CEO experience and I respect and understand that totally...when Larry passed a CEO was needed quickly at that time to continue the testing verifications with the NDA'S etc and it was either he or Shaheem so it was agreed Zarko would take it as he was more versed with the tech...podcasts will continue with either Shaheem and/or Tony Mitchell doing them for the time being...the new CEO will be likely be new blood and likely will not be anyone internal such as a company advisor or board member although they may all a ssist in bringing in the new CEO.
…..A board member or similiar may temporarily be appointed interim CEO while the company decides on the new CEO...the new CEO will have previous CEO experience and will have good experience within the industry...there is a possibility Zarko will remain as a consultant which I would like to see...the company does not want to rush finding the right fit for CEO but will make a move sooner rather than later...the current shitty and volatile market conditions have most companies pausing deals until market conditions improve...lithium and black mass prices are similar to commodities now and are cyclical like uranium etc...lithium is at a low right now but you can bet your as it will rebound in due time like commodities do...lithium demand will fluctuate but will not be going away as so many batteries besides EV batteries use lithium....its still business as usual
Comment by
EagleNest on Jan 31, 2024 1:22pm
Nice find, Gerald. Still seems odd to me that Zarko would leave the company entirely, rather than simply stepping down from the CEO role.