I think the term is "surplus to operational requirements...." Shame, couldn't have been that effective if they can do without a senior executive team member of his calibre, especially at a time when the company's about to go through an engineering and operational expansion with what's going to be achieved over the next 6 months.
Although after a period of rapid growth there's usually some consolidation, I suppose extreme measures have to be taken to reduce the cash burn rate. Probably a sign that the Company is in for some tough executive decisions over the next couple of months along the same lines. AS mentioned something about having a closer look at costs.
Wonder what or who is next to get the chop? Or will there be another CR venture?
NASDAQ Official Close Price: $5.90USD
Never see below $1 again................. LOL
UNS Price at posting:
$1.01 Sentiment: Buy Disclosure: Held
