Update: Presto (PRST-US) - CEO resigns

CEO resigns. Company now without CFO and CEO

Well, they don’t often fall apart that quickly. Better to be lucky than smart I guess. But the signs were there.

The company released an 8-k during trading today that Rajat Suri, CEO and founder, handed in his resignation over the weekend for ‘personal reasons’.

The Chairman, Krishna Gupta, will step into place and earn a cool $400k. Gupta is also CEO of Remus Capital, the VC fund that backed Presto back in 2008.

The company now has no CEO or CFO and really needs to raise money, fast.

Updated price target: $0.00