Wednesday, 1 June 2011

Internal turmoil at Bergen Group

In short time today we first received word that the CFO is leaving the company for similar position in a larger firm. This was soon followed by an announcement of the resignations of both the CEO and the Chairman of the Board. Last couple of days there had been 10-100 times normal volume of shares traded with large seller(s) driving that action and another institutional investor has now joined the fore and sold off after these news broke.

No comments:

Post a Comment