The self inflicted bloodletting goes on. Josh Waldron, the guy who started Silencerco with Mike Pappas and Jonathan Shults is now out as CEO. Jason Schauble, of Tracking Point and Remington lineage left a few months ago. Shultz is apparently taking over as cOO which is a demotion from president. This reshuffle followed the multiple rounds of massive layoffs at SiCo. One has to wonder what this means for SiCo's future. Josh and Shultz are the two largest equity holders and one wonders why the shuffle is happening at this time.
How bad is the debt situation? The guy who started SiCo is now gone from the daily operation of the company. How long does SiCo have? Is there a buyer ready to snap SiCo up and save the company? Stay tuned. The drama probably isn't over.
https://www.businesswire.com/news/h...r-Giant-SilencerCo-Announces-Shift-Leadership
How bad is the debt situation? The guy who started SiCo is now gone from the daily operation of the company. How long does SiCo have? Is there a buyer ready to snap SiCo up and save the company? Stay tuned. The drama probably isn't over.
https://www.businesswire.com/news/h...r-Giant-SilencerCo-Announces-Shift-Leadership
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