Since I live in North Las Vegas I am probably a little closer to West Lafayette than you are. However, I am not going to go and tell these self serving morons to shape up. They will continue to do job #1, looking out for themselves.
What's your play here? With the steady drone of losses, statistically insignificant "improvement" and now a covenant violation only not triggered by the grace of a waiver, it's pretty clear CRC is headed towards extinction.
Agreed. Butler is, along with his "Stepford Wives" board, morally corrupt as a fiduciary. He's sucking the lifeblood out of the company...because he can.
This is from experience. I met him at the annual meeting a year and a half ago, and he was an utter coward, in terms of dealing with shareholder questions in a forthright and honest fashion....and the board is a bunch of old men, who just do what Ron says. The atmosphere in the room was oppressive...and Orwellian.