Post by
Aln800 on May 14, 2019 12:08pm
Q1 Results
Lots of very upset shareholders out there. Questions on the Q1 conference call for the CFO and interim CEO were heated and difficult. My beef with it is that Domenico was the one who made all the false promises. The shareholders should be after her like a dog on a squirrel. Whatever happened here, the board should never have allowed Jane to be in a position where she could cause such damage. She was in it for her and her buddies. When they made astronomical amounts of money, the board never made a peep. Someone should have seen all the red flags. The board really blew it. Rather than face it, domenico ran away right before the Q1 results and the sale of the Quebec portfolio finalized. Completely irresponsible board. If you give a kid candy and tell them not to eat it, what does the kid do?
Comment by
wheeloffortune on May 15, 2019 5:58pm
I think it's more complicated than that as insiders own over 3/4 of the company and they obviously want their investment back. Wrongful termination lawsuits can be expensive, so investigators need time to build a case. At least, they got that scumbag CEO outta there and can build a better company now.