Apr. 22 at 6:49 PM
$DCGO Why change the Board of Directors now, ahead of the Shareholder Meeting in June? New Board gets to carry out the votes, new structure of Board is introduced at the Shareholder Meeting (along with new Board Membership). Creates catalysts for Shareholder Value and Profitability - that in itself means the company is not taking any Lowball Offers to be bought out, and I'm okay with that approach. Further, if the company wants a "Premium Offer" - that is more likely to occur if the company is already profitable. Less mess to clean up in M&A process, no debt (we already meet that goal), fewer employees to cut post-acquisition, but the fact is that if DocGo is profitable before the acquisition offer, we will see a better M&A offer to the company (and no complaints from me if we wait a bit for that to happen). The one risk hanging over the company - Reverse Split to stay listed, but I would argue that the company should use up to
$5M of their own cash to buy back shares and prevent it.
