Re: Lu stepping down
in response to
by
posted on
Feb 22, 2024 06:12PM
Appreciate the optimism, but I have to ask when's the last time this company gave you any reason to be?
Now's about the time they would be negotiating the loan extension. It might very well be perfectly clear where the parties are at and that the next steps are a fait accompli.
Of course, Mr. Lu might have personal issues, or stepping down for wholly unrelated reasons. It's just too coincidental for me the timing of this and the upcoming loan maturity, and I doubt he'd be stepping down for a deal that hasn't yet been finalized. If something has been finalized, it would have been announced, and certaintly such announcement would not be separate from a board change which is a part-and-parcel of such a deal. Ergo, no deal exists (IMO).