I doubt he will do much squirming. He has a measly 10K shares in the company according to announcements, and is getting a fat pay cheque to change the goal posts whenever he pleases (along with his board), and screw over shareholders.
I predict he will rabbit on about "unprecedented times", "day-traders", "can't have share dilution" and "best interests of shareholders" as excuses for sitting over one of the worst share debacles in history.
$392 million in the first sting - now evaporated into thin air - and then expecting punters to cough up another $392 million in April, whilst effectively nullifying a distribution that would have cost a measly $23 million - in the name of preserving cash!
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