Whenever any poster raises the option to remove the board, there are a plethora of other posters insisting we need the board to dig the company out of the issues it was having. This has been a common thread for the past 10 years and look at the state the boards over that time have left the company in. For one, have lost so much money on the misplaced trust, that am completely ambivalent to losing whatever remains. And am fully in favor of dumping the lot of them and watching where the chips fall since the situation cannot get much worse. With the current board and cash flow, there is practically zero chance that WFL will be around in 6 months. Any other company would have at least looked at cutting executive salaries or reducing headcount, but not this lot. If and when WFL goes under, how many of the cheer squad would be willing and able to dip into their pockets to form a consortium to buy the remains out to continue the work under a new vehicle? Probably few.
WFL Price at posting:
1.6¢ Sentiment: Sell Disclosure: Held
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