Lamberts, you're normally one of the more intelligent guys here on the board, so either you didn't completely read the Committee's proposal or you are trying to confuse some of the readers here...:-)
Here's one of the main statements:
"The Committee believes, on the contrary, that Daniel Leckrone’s continued service is counter to the best interests of creditors."
followed by this:
"The Committee is comprised of several members who are extremely competent in the industry and recognizable experts in this area and who are knowledgeable of potential candidates that would be capable of running operations without the inherent conflicts existing in present management."
In Germany we say: 'the fish rots from the head down' - so replacing the head would make a huge difference without jeopardizing the licensing process.
Hence, if the court follows the committee, forces Leckrone to resign and is able to appoint some reliable expert as MD THIS would be very good news for all of us.
But I'm sure you know this ...;-)
GLTA
