Whole stock market is overvalued ... small cap stocks shooting for the moon. This is really getting out of hand. Big crash is coming!
9/18 - Closed at $8.34......Up 4.64% since 8/24 comment & up 23.7% since the last buy signal tripped at $6.74 in early July.
Normally, one would think they would give a reason why the CFO is retiring. But they couldn't say "we're setting up for a buyout" ... so no explanation was given. But here's the reality:
You start going through the employees ... how many are highly paid and not transferable to a new employer? CFO was a problem, because any acquiror would already have a CFO ... now he's out of the way.
You can find the CFO's employment contract online. If there is a change in control, his contract would automatically be extended for two years. I am guessing he didn't want to continue to work that long for a new company.
Wouldn't worry about the CFO ... CEO is on top of everything. HBKS isn't one of those banks where they have a Conference Call and the CEO turns the financial discussion over to the CFO.
CFO taking a hit for the team ... thanks!!!! But he's not really losing because he's going to make more on his stock!