Please explain to me how GP is still employed by Newpark.
GP has been CFO since 2011.
Since that time, he has literally approved some of the worst financial decisions of Newpark.
Specifically...
- ..$33M+ acquisition of Katy Technology Center
- ...$30M+ expansion of Port Fourchon
- ..$20M+++ Conroe Blending facility
- ..$77M acquisition of Well Services
- ..$14M acquisition of Lentzcaping
In this time, this guy now owns over 640k shares of Newpark stock.