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10/11/15
18:03
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Originally posted by Whatsamadoovie
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Sounded to me more like they were downsizing the board.. As a part of the cost cutting measures for 2016.. They said the cost cutting for 2015 was complete, and now they are into cost cutting fy16... I asked Brian hodges about lightspeed.. He said lightspeed had been in contact with them providing input from time to time. I got the impression that he thought their business model was buy low sell hi. And again my impression was that they were a little opportunistic.. But obviously they could see the value in the company..
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Thanks for that!
was the tune of presentation rather pessimistic or optimistic ? did the outgoing board sound confident?