$INV CEO Grieco under fire from shareholders after stock collapses 90% following what critics call "the worst earnings call in history." Another 50% drop followed a controversial shelf filing.
Key accusations:
• Wasted 10 weeks in indecision while stock cratered
• Allegedly took orders from ex-board consultants accused of self-dealing
• Delayed capital raise for subsidiary Accelsius—potentially missing a $1B valuation window
One shareholder blasts Grieco's "lack of experience and decisiveness," claiming he prioritized appeasing conflicted advisors over shareholder interests. The CEO now faces mounting criticism for his handling of the crisis.
Key accusations:
• Wasted 10 weeks in indecision while stock cratered
• Allegedly took orders from ex-board consultants accused of self-dealing
• Delayed capital raise for subsidiary Accelsius—potentially missing a $1B valuation window
One shareholder blasts Grieco's "lack of experience and decisiveness," claiming he prioritized appeasing conflicted advisors over shareholder interests. The CEO now faces mounting criticism for his handling of the crisis.
