You dont see my point. Is so basic . Shareholders could now have a 80 cent share price instead of 36.
The point is he diluted the crap out of the company for no reason except the obvious. They could not meet their debt schedule so they took the easy way out and just raised more capital. With a bit of effort they could have re-schedulled their debt and not needed a capital raising at all.
And I dont think the previous CEO was sacked.
And after searching high and low for the new guy the company appointed the CEO from within. Note than from within.
You see the new CEO was already working for the company and most likely hired by the Dud(your term not mine) CEO.
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