JP – I have been waiting for something like this. You bet he got the terms he wants or they will lose their pants and maybe more considering things those brass don’t want people to know. His team isn’t entirely dumb so there must be some potential for a turnaround ala corporate raider style but salvaging the ship with a new twist or three in the future model. Somebody(s) is getting fired and somebody else(s) is getting a different parachute than they expected a year ago. Could be worth a look actually if the new team, and there will be one, demonstratively vocalizes a new immediate and 10 year plan. We minnows can buy the stock at a discount if we like the music. Regardless nobody in power wants a bank failure right now.
