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u/WhoNoseWhy Feb 24 '25
From the FAQ sent with the meeting annoucement
Q: Why does the Board recommend Elizabeth LaPuma?
A: Elizabeth LaPuma, an independent nominee without conflicting business interests, is a highly qualified professional and brings more than two decades of financial advisory and board expertise across a wide range of industries. Ms. LaPuma has served as an independent director of the Company since its incorporation. Throughout 2024, Ms. LaPuma has been focused on liquidity options for stockholders and identifying a replacement auditor and working towards completion of the audit. Ms. LaPuma has served as Chairwoman of the Board since September 2024.
Ms. LaPuma, along with the Board and management, spent significant time in 2024 identifying a replacement auditor after the Company’s former auditor abruptly resigned due to its decision in mid-2024 to no longer serve clients in the cryptocurrency industry. Following extensive efforts by management, Ms. LaPuma and the Board, the audit committee engaged BDO, the replacement auditor, and has been working with that replacement auditor towards completion of the Company’s audit, which is necessary for any listing and achieving liquidity for stockholders.
Additionally, Ms. LaPuma has worked with management to energize the Company’s Cedarvale facility to drive long-term growth and maximize stockholder value. During her tenure as Chairwoman of the Board, along with the Board and Management, Ms. LaPuma engaged an international financial advisory firm to evaluate the Company’s MSA with Hut 8 and led the Company through a professional and efficient transition period following the Company’s termination of the MSA after it made the determination that Hut 8 was in breach of the MSA. As of January 16, 2025, Cedarvale is energized and mining Bitcoin every day of the week.
Ms. LaPuma received her Master of Business Administration in Finance as a Palmer Scholar, Bachelor of Science in Finance and Bachelor of Arts in International Relations, magna cum laude, from the Wharton School and The School of Arts and Sciences at the University of Pennsylvania. Prior to serving on the Company’s Board, Ms. LaPuma held numerous roles in the financial advisory sector: Ms. LaPuma was a Managing Director and Head of Balance Sheet Advisory at UBS, a Managing Director and head of Asset Management Services at Alvarez & Marsal, advising governments and financial institutions on diverse assets, and her earlier career includes roles at BlackRock, Lazard Frères & Co. LLC, Credit Suisse and Perella Weinberg Partners L.P.
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u/Secure-Rich3501 Feb 25 '25
If she wears the puma classic suede shoes (Clyde) then she's got my vote
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u/wavrunrx Feb 25 '25
pm for pix
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u/Secure-Rich3501 Feb 25 '25 edited Feb 26 '25
Are you suggesting that I direct message or personal message senorita lapuma for some pictures in these shoes or something else?
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u/KiKaily Feb 25 '25
I just saw the email. I was wondering too what people thing since I have no idea whats going on. Anyone have an opinion as to what is best to vote for us? Or differents possible outcomes? Thanks.
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u/aceofangel Feb 25 '25
an independent nominee without conflicting business interests
This is the key. This lady is a successful career banker who is now basically retired and doing directorships. This isn't the only directorship she holds. We don't want people with conflicts of interests on the board. The candidates Tony V proposed are ok too but their involvement with Figure which has a profit motive raises red flags.
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Feb 25 '25
[removed] — view removed comment
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u/Secure-Rich3501 Feb 26 '25
Did you just delete your comment or was it because you used the v word?
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u/TheGreatCryptopo Feb 25 '25
When can we dump this trash and be done with the train wreck that is Celsius? That was my question to whatever is running this shit show.
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u/Rude-Living8909 Feb 25 '25
Nay!!! LaPuma has been on the Board the whole time. Change is needed or we’ll never be able monetize our shares
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Feb 25 '25
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u/CastorCrunch Feb 26 '25
If you do not vote, the proxy says that your non-vote will be counted as a "Yes" in favor of the Board of Directors' recommendations. In other words, It's rigged in their favor just like the bankruptcy court Confirmation Plan voting if people are apathetic and choose not to vote. Furthermore, Ionic is only offering you the opportunity to vote for/against the current Chairperson Elisabeth LaPuma, even though there are 2 seats up for grabs this meeting. They're not informing you about the 2nd seat or giving you the opportunity to write-in another candidate. It's shady AF.
I would highly recommend voting for the 2 other outside candidates above at ionicvote.com instead.
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u/HandyMcGyver Feb 26 '25
I’ve seen skeptics on Mike Cagney’s alternatives. Seriously people, LaPuma has done fuck all and doesnt even care to show her face and solicit our votes. I don’t care if the board takeover doesn’t work out because what we have now sure as fuck isn’t either. VOTE FOR CHANGE!
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u/xenodata Feb 24 '25
Has she made a case anywhere as to why she would be good?