the handwringing and jumping at shadows here is quite hilarious, but I guess makes sense in the context of EML's past history. the simple reality is if there were any new 'smoking gun' or regulatory smack down that prompted these resignations they would have to have been disclosed by EML. there was no such disclosure - other than a reiteration that they are dealing w loss making entities.
no replacements were named. this is entirely consistent with just a wind-down/exit from PCSIL and the cbi relationship.
stock will rip to new highs once this is all disclosed pre AGM. I bought more today.
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