I thought the letter was pretty positive outlining they need someone with a specific experience in on-line as its obviously the long term future.
They are not here to respond to idle speculation & gossip being fueled by a massive short position.
If they were off sales guidance I think they would have mentioned it as like any politician,, if you are going to get bad news out there, get it out with a response. i.e. we have changed the CEO.
However I see this is about confronting the on-line challenge in front of them & that is a positive.
In saying that I don't mind if the SP drops a little further so I can pick up a few more. ;-)
MYR Price at posting:
$1.61 Sentiment: Buy Disclosure: Held
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