The market is down Today, it's not helping with the recovery of the SP.
The announcement is quite good but it's also not going all the way to allay fear regarding corporate governance.
- Issue of shares for services rendered : it seems the company still want to go forward with it, despite having quite a bit of cash flow. This is probably not a very proactive way to get a fresh start.
- Richard Evertz : his position as CEO is going to mark us forever as a "risky" company. The hiring of a new CEO would really give BIG the credibility it desperately needs. Especially if that CEO was a person with an outstanding reputation.
BIG Price at posting:
$1.80 Sentiment: Hold Disclosure: Held