Emerald Capital bought a majority share holding in GLI and voted out the board this year. The "previous" directors of GLI played a similar role to the Indago directors, sitting around getting paid huge sums of money for doing jack shit while milking the company dry and taking the piss out of share holders.
This sounds like a very similar scenario & the "new" GLI board want to get rid of the dead wood at Indigo as well.
I believe the "new" GLI board has the experience and savy to take Indigo to the next level.
The analogy of "better the devil you know" is one based on ignorance, fear, & head in the sand mentallity.
IDG Price at posting:
54.0¢ Sentiment: None Disclosure: Held
