Let’s recap the last 12 hours at Rockwell Medical (RMTI) when crazytown came to visit.
On Tuesday night, the drug maker’s board of directors fired CEO Robert Chioini. Then, as the sun rose on Wednesday morning, Chioini unfired himself, alleging board members may have violated federal securities laws.
Later Wednesday, the board, which still insists Chioini is fired, also fired Rockwell’s chief financial officer for essentially colluding with Chioini. Unbowed, Chioini then issued a press release in which he further blasted the board and unfired the fired CFO.