I think that change was a way to say that the former CEO was really bad. Obviously, it does not make sense at all. And the fact that this report was not needed showed the frustration of 2nd line management team. As I said, the new product is good, but >90% of current sales are old monitors. They won't' sell any product with big discounts, these discounts will lead to burn cash (again), and I don't think that the BS is not solid enough. Banks will not give money again to this Company.
My only doubt is if a deal is still possible. The brand is well-known even though is positioned in the low-segment (competing with Chinese), but the former CEO suing the COmpany might avoid any potential buyer to take a decision. Maybe a deal to buy the brand and take the employees is the only solution, but I do not think that this is considered by the BoD or current CEO.
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