Just glad it traded a few shares in the first couple of hours. The gang of 5 in Toronto are hard at work preparing press releases on all the super qualified candidates that have been hired to fill their open positions. And the question on everyones mind is when will Sandberg start buying all those shares?
I have never seen a bunch of goofs work so hard for something that doesn't make any sense.
Someone should wonder exactly who is working hard to find a properly qualified CEO...the unemployed pool boy who now makes a king's ransom in pay and bonuses every month? Do ya think he is motivated to get back to unemployment? His severance from getting fired by Hayward is running out.
Mark my words now gentlemen, by the August board meeting there will be an announcement that Silber is permanent. Then we will spend another year hearing about the turnaround and all the bad things Walker and Germaine did. By then Sandberg will find another unemployed buddy to come in as interim CEO.
Even if Silber is searching for a CEO, he will never find anyone with any balls to work for Sandberg....
The main point is that there is a "blackout" from the current appointed management team. Taking an example from the IRS, now is not the time to introduce even less transparancy to what is a vague process. I wouldn't be surprised to see a letter from one of the new institutional owners asking for some clarification from, or representation on, the new board.
The "fulltime" CEO is the critical hire here and a couple of his known associates for the board. The rest of the crew can be added in short order. The interm CEO is not this guy...