Hi, Rich,
The name Roy Wright was new to me, too.
Your "insider" quote was nice to have at this moment. It points in the direction of concluding insider status is a negative to the insider, and to be avoided in principal, subject to the SEC, etc. I have another thought, though, that runs in the opposite direction, and which could be the case. I'll make it a question. Would insider status ever be sought?
Given Valence's current circumstances, could we be seeing in the S3, a part of the process by which this Roy Wright is being brought in as the new CFO? My question to anyone who knows is whether doing an S3 before formally taking the job would make any sense in these circumstances. Would giving up "outsider" status any earlier than necessary ever make sense? Make sense for a new CFO?
Ah, the abstract questions that pass as we wait. But they always strike me as interesting adjuncts to Valence-the-case-study. And who knows, maybe Roy Wright will be the new CFO. I'm not betting, though.
Regards, lws |
