Longtime CFO Getting ready to depart!!??!!

The longtime CFO of SmallBone, Steve Ward has been reviewing other opportunities and looking to depart Small Bone ASAP!!!!

 

AWFUL news if true!! Steve is one of the more competent managers of the teams and has been a steady and loyal employee. I can't imagine what kind of dirtbag they would replace him with.

 

He knows that Stryker has bought SBs..his departure is a mere formality

 

I heard that the deal isn't final and is not going to happen.

 

Would not be a surprise to me. The debt is greater than any possible profits.

 

Unemployment for all of Small Bone employees and no profit from options.

 

Almost definitely. I cannot imagine Stryker keeping anyone on board.

 

I guess the board finally decided to just dump the company realizing that there's no hope. Someone was bound to get fucked over so might as well get it over and done with.

 

Very true. Small Bone can't do any better and it only downhill from here.

 

So what happened to the deal? Is this just wishful thinking on the part of some Small Bone employees?

 

CFO Steve is a smart, level headed and overall good guy. Maybe he has just had it.

 

Probably. Being the CFO must have been the worst job trying the track the finances and keep everyone in line at that company. It's a wonder he stayed as long as he did.

 

He was great at sending the "consultants" their above industry fees. He should go to Arthrex, the masters of the craft.

 

Consultants meaning the VB affiliated entities and personal companies that sucked cash from the Small Bone investors and got them nothing in return.

 

he must've just looked the other way. After a while he probably stopped caring. The finances were always a mess so why bother tracking?

 

Both Steve and Tom L worked at Stryker. They will be picked up

 

stryker deal is off!

 

Right. it's off. Now looks like Wright Medical. With Inbone and STAR, Wright will control the Ankle Market

 

Assuming the deal actually happens. Small Bone has been tying to sell itself since the first year it was created.

 

Wright isn't going to buy Small Bone. They are just obtaining competitive information. they will pull out during the due diligence once they have all the info they need.