IMO...CEO seemed very committed to the growth of the business with all the recent aquisitions etc.
it's his baby
I don't think that changes overnight.
I think he has just had private equity whispering in his ear that he could be on a much better wicket after they takeover, maybe he will be offered a deal to buy into a larger percentage the new structure with the $20M he would pocket (9.6 million shares at at approx $2 a share).
Better salary, performance options etc and the war chest to really grow the business fast.
He had to resign because its too much of conflict of interest.
Time will tell....
I bought the dip, so its all good for me but would be really annoyed if I bought at $2
SRF Price at posting:
$1.38 Sentiment: Buy Disclosure: Held
