Post by
ICNick on May 16, 2024 8:22pm
Delay in filing annual report!
Fine by me! A lot is happening and I believe they have to take some time to put things together the right way. I also like the fact that Craig Lennon will be the interim CFO. He is the one most likely having the relationships with Ramu, he is from this part of the world and will be able to shed some light and help stir the company in the right direction.
this to me is all good!
Comment by
Talchior on May 17, 2024 12:08am
I am not sure to have correctly understand the wording. The fired management is obligated to give back the stock options Or The fired management can no more buy new stocks to avoid they take back the controls?
Comment by
ICNick on May 17, 2024 1:58am
My understanding is that certain directors and officers of the company cannot trade stocks (most likely meaning buy or sell), on the market untill filing for the past year is completed and the temporary MCTO is lifted. The press release doesn't say anything about surrending shares or to avoid a possible take over. From there we can only speculate until further news.