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Microcap & Penny Stocks : FutureLink Distribution Corp. (NASD-OTCBB: "FLNK") -- Ignore unavailable to you. Want to Upgrade?


To: BridgeTech who wrote (644)8/30/1999 6:26:00 PM
From: Gogo@SI  Read Replies (2) | Respond to of 841
 
Chell is leaving. PR sounds strange.

"The Board of Directors of FutureLink Distribution Corp. (NASD:OTC:BB:FLNK) announced today that Cameron Chell,
the company's Chief Executive Officer (CEO) and a Director,
will take a temporary leave of absence from his role as a
Director and Officer of FutureLink. Effective immediately, Mr. Chell is resigning his position as CEO and Director for
personal reasons, but will continue to represent the
company as its Founder at a number of speaking engagements scheduled for North America and Europe."

There are 2 phrases which are not clear to me.

"will take a temporary leave" What does that mean,?

"Effective immediately, Mr. Chell is resigning" ????

The bad side of this story is, it seems FLNK is loosing its visions. Chell was and still is THE person standing for ASP (don't regard his canadian broker history). Let's see if he remains to be the president of the ASP consortium. If yes and still a representative of FLNK, then let's hope is back on the FLNK driver seat soon.

One other interpretation could be linked to his broker histoty. Institutions could have requested a change. FLNK board was aware of that and has build an highly acceptable board team during the past months. In preparation of NASDAQ (big money is needed soon) FLNK decided to continue with "clean" persons, such as Glenn and Phil, both with excellent reputation in the market.

Whatever the reason was, IMO timing was terrible.

What do you think?

Gogo