The previous week was a pretty rough one for The Tinley Beverage Company Inc (OTCMKTS:TNYBF) shareholders as the company’s stock slid by as much as 18% for the week. While the stock did slide considerably it might also be a good idea to have a closer look at the latest developments and work out if it could be an opportunity or not.
This past Friday, the company was in the news after it announced that it appointed its new Chief Financial Officer in the form of Manish Z Kshatriya. Kshatriya is going to be the replacement for the David Hackett, who stepped down from his role in order to look for other opportunities.
While that was a major announcement from The Tinley Beverage Company, it is perhaps also important to point out that the company also provided some important corporate updates and also invited investors to tour of its bottling plant that is located in Long Beach in California.
At this point in time, Kshatriya is currently employed in the capacity of a managing director of a business advisory firm based out of Toronto. It remains to be seen if The Tinley Beverage Company stock can mount a recovery this week.