pete smith gone!, page-33

Wow.

Could they have timed this any better?

What is the thinking with this Board?

Without a CEO who is going to determined the funding strategy in the next month? More importantly has PS really been on holiday for that long? Who is making the key decisions and for how long have they been making them (or more importantly not making them)?

Is this a tacit admittance that IPO2 is a no go? Is the Board now stepping in and leading investigations?

Im not defending the record of PS but is right now at this very moment the best time for the Board to take over the management of the company? Wouldnt it look a lot better for the Board to step in and micromanage while we look at the immediate funding strategy with PS still in place in the meantime while you have a new CEO ready to go?

For me this is really becoming a case of how many head scratching poor execution events a shareholder can take before you move on and sell your investment or call for a Board spill.

Really really concerning.