Today’s news of the settlement between Ammo Inc. and The Urvan Group was welcome news. Delaying this only enriched the proxy contest defense advisors of the company to the detriment of shareholders. While I am a big fan of forgiving and forgetting, the entire debacle brought issues to light that need to be addressed. Here are my thoughts on appropriate next steps, aside from the CEO Succession planning that was discussed in the agreement.
The current CFO should be let go for cause. He knows what he was there for, took the pay and the shares, and then tries to play both sides as an innocent victim and active executive.
The current CFO should be let go for cause. He knows what he was there for, took the pay and the shares, and then tries to play both sides as an innocent victim and active executive.
agree.