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CEDC Investor Relations Director Resigns With Benefits 0 comments
Strangely, but not surprisingly, the director of investor relations has resigned. Personally, i wish he would have been fired a long time ago. We could never get a hold of him through the six months we followed the stock. The entire companies investor relations was an enigma.
What is interesting about the resignation is the terms on which Mr. Archbold is leaving. He is receiving $1.5mm and has signed a "General Release and Waiver Agreement". The 8k does not give detail or reference into either of these agreements. My speculation is that Mr. Archbold has info materially damaging to the board, executives, tariko, or all of the parties.
It is not logical that a company whose current convertible sub debt is distressed and equity at $.65 would give someone in PR a parachute.
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