Jeff Ross newly appointed CFO screwed up, caused fear and started this destruction
Jeff Ross newly appointed CFO screwed up, caused fear and started this destruction which is unusual to expect from someone with 25+ of experience. As a matter of fact he was last CFO of Sybase a multi billion dollar company. He caused this mess he better get this company out and save this great company with 1000+ employees. Management needs to act fast and get this P O S stock go back to $3 - $4 - $5. Sitting quietly watching it calmly will not help as short sellers are more aggresive imho
perhaps he plans to drive this company into Bankrupcty?
Albert John Dunlap: The ruthless methods he employed to streamline ailing companies, most notably Scott Paper, won him the nicknames "Chainsaw Al" and "Rambo in Pinstripes". However, his reputation was ruined after he engineered a massive accounting scandal at Sunbeam-Oster.
He took over as chairman and CEO of Sunbeam in 1996. His methods resulted in Sunbeam's reporting record earnings of $189 million in 1997. However, he was unable to find a buyer by 1998. Dunlap then decided to buy controlling interest in camping gear maker Coleman, coffee machine maker Signature Brands (best known for making Mr. Coffee) and smoke detector maker First Alert. Within two days, Sunbeam's stock jumped to an all-time high of $52 per share only to end up worthless in bankruptcy.
What are you talking about? CFO is great! He's taken the price from $5's down to 52 week low... and every time he opens his mouth , the pps tanks... there's nothing to fix with the CFO, he's doing a great job... lol... where's the VELT kool-aid bowl... next 2 earnings are going to be very tough... if you're long, then you may have to wait a bit and pray they don't do another offering and dilute the shares even further... burning far too much cash!