$SEZL. The 8-K is out. Karen Webster resigned on April 3, citing a difference in perspective with management on direction, decisions and governance.

Never has a board resignation made a stock price surge, and this one is no different. 🤣

So yes, the stock sold off. The shorts celebrated. But here is what the filing actually says.

The Board did not scramble. Six days later, they went hunting, and appointed Bryan Hunt, General Partner at Relevance Ventures, CFA, 24-year Wells Fargo veteran, and the analyst Institutional Investor ranked number one across all high yield industries in 2016. Seven consecutive years as top food and beverage analyst. That is the person now sitting on the Audit and Risk Committee.

You do not replace a resigned director with that profile unless you are serious about governance. You do not hire PwC unless you want the scrutiny. Don’t you?

Read our full research on $SEZL and explore our Financial and Valuation models after price drop, through our new, very warmly welcomed Swiss Portfolio Private Investment Dashboard 👇

Read us. Join us. Sleep well. ✨