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> 2) Internally a memo from the COO circulates saying that is not true

Got a link? I did miss this nuance.

That link validates the board's claim, does it not? "Not being candid" is a form of communication breakdown.

Well it says he was not fired due to malfeasance, implying he had no wrongdoing.

I took it to mean “calm down, press. There’s no FTX or Theranos style financial crime/ fraud story here to be uncovered.”