RE:RE:RE:Great Q4Given his age of 68 and tenure of over 20 years, Mr. Liontas must be thinking of an exit strategy. I don't believe there is someone in the organization that could succeed him. His 17 ownership or 5.2 M shares is worth under $500K. It wouldn't surprise me if he will do what he can as the company's revenues recover to maximize shareholder value, perhaps putting the company up for sale.
Which one of their competitors could interested in them or perhaps a complimentary business for others?
Cutting costs and running lean is always good and sometimes a necessity but it's always done to make the company more attractive. All speculation on my part but the exit strategy could take 1.5 years plus as Mr. Liontas will be 70. Perhaps an opportune time to retire in the Greek Isles.