Boy, was I ever proud of predicting the outcomes of the two general shareholder meetings of the two Exchanges! Except now, I"m feeling rather embarrassed that I can"t explain what"s happening at Sibex.
Because I can"t make any sense out of it.
The Sibiu Exchange has three presidents.
The first president is Teodor Ancuţa, who, until the new president, who was elected by the shareholders, gets validated, should keep performing his functions, ensuring the continuity of the management of the Exchange and the preparation of the handover protocol.
But Teodor Ancuţa seems to have disappeared from Sibex, a few days after the General Shareholder Meeting of April 29th. On May 2nd, we found out that he handed in his resignation from the position of General Manager.
Why?!
What is this nonsense?
First reaction one gets when hearing this news, is to wonder how can one person hand in his resignation for half of his position of "president-managing director"?
It"s one thing to be " president", another to be "managing director" and yet another to be "president-managing director".
Two people from different sides of the struggle in Sibiu claim that Ancuţa held both positions - president and director -, and two other people, who are on opposite sides as well, claim that he did not cumulate two positions, but rather he only held one, which was cumulative in itself - "president - managing director".
The articles of incorporation of Sibex contains no mention of this.
In the Prospectus for the self-listing of Sibex on the Exchange (approved by the C.N.V.M, through the Decision no. 47/12.01.2010), Teodor Ancuţa is referred to using both expressions - sometimes "president-managing director ", sometimes "president and managing director".
So?!
Did he hold three positions?
Or maybe even four?! (he was a "leader" a
