Tony's new message on Arkhouse Capital, who has nominated a group of individuals to stand for election to our Board at the 2024 Annual Meeting.
Sounds like we are done.
3 replies (most recent on top)
I kind of feel bad for Tony walking into a cingular firing squad that Jeffy and the hus merry band of id--ts has set up for him. Run the company into the ground with bad merchandise, no security to stop theft, allowing stores to fall into disrepair, and let this poor schmuck clean up the mess. Sounds like a great strategy to me. We are doomed
Let's talk, if the company does go private, the new owner will change up the business, which could be similar to others in that the people who are going to stay will get new offers and the rest get let go.
Now 2023 board meeting happened in May, it's safe to assume that this year the board meeting will be also held in May. After the meeting, there will be more answers if the outsider will get any board seats.
All above matches the other posts about the second wave layoff that will happen in May, when your balance sheet doesn't look good, you cut costs and reduce liabilities to show a more positive future to your shareholders.
Don't forget, Q4 results will come out next week, another storm is on the way!
Its pretty standard operating procedure for an activist investor to want to gain access to the board of directors.