It has rarely been disclosed or emphasized in the press that this rogue guy came along from CIBC in the acquisition. Yes, compliance at Oppy should have picked up on this earlier. This reminds me of the asshole Lehman got saddled with in Cleveland in their acquisition of Cowan's retail business.
This most recent muni thing happens all the time in that sloppy and illiquid business. The press though is now looking for anything with OPY in it because of the poor way the timing problem was dealt with.
Your right--he is too cheap to hire a pr guy It would cost him more than 20k a year!!! and we all know what a cheap c**cks**ker he is. But he better do something soon as the stock sinks below the horizon, like spend some real money and hire a COO with some teeth---and not somebody who has to crawl into Bud's office to get permission to spend money or make decisions. Cheap--Incompetant--and Mean are the just a few of the adjectives I'd use to describe his reign of terror!!!