Was the compromise reached driven by the retail investor or was it planned by Russeau in any event? I believe Russeau never intended to replace the whole board. Just like he never intended to sell all his shares and drive the price down to $0.20. I believe the compromise we have today is exactly what he wanted accomplish. Perhaps the stumbling block was the resignation of RN. That got solved at the last hour because Richard had no choice. Now that Richard is gone and we have a balanced board it sends the message that all is good in NOT land for the moment. In fact, some have said that it will be boring and uneventful around here.
What next?
They have a plan! That’s how businesses operate. Russeau’s plan is designed to preserve his investment and make a profit if possible. Nothing more! This is what his investors want to hear.
The drills will turn and new discoveries will be made. I’m hoping some of these discoveries will put an end to the boredom (slow bleeding) and influence the dynamics of the new board.
What options do retail investors have?
Buy or sell. Nothing more.