Posted On: 04/19/2015 1:15:56 PM
Post# of 1873
Not an unusual characteristic for many CEO's. Most rely on what they have been told by others, like auditors, the SEC, etc. If any of those people do not meet the timelines they promised the CEO, the CEO ends up looking bad.
This is not Fuselier's first rodeo. I think some of the PR's were an effort to help get convertible debt off the books, by helping the debt holders to sell their shares as quickly as possible. Not a bad strategy, as many things IFCR has to accomplish depend on their balance sheet. Cleaning that up opens many doors for them. Especially now that the trucking industry is enjoying a rebound and is viewed more positively by lenders and deal makers.
I am anxious to see who the acquisition is. That should be interesting.
This is not Fuselier's first rodeo. I think some of the PR's were an effort to help get convertible debt off the books, by helping the debt holders to sell their shares as quickly as possible. Not a bad strategy, as many things IFCR has to accomplish depend on their balance sheet. Cleaning that up opens many doors for them. Especially now that the trucking industry is enjoying a rebound and is viewed more positively by lenders and deal makers.
I am anxious to see who the acquisition is. That should be interesting.
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