Looks like a done deal.
"Peddie said it is too early to say what the board will do but indicated the directors do not need to meet in person to discuss Ferguson's fate. That means something could happen in the next few days by conference call or other electronic communication.
"Clearly, we've got a problem but to say what our action [will be] is premature," Peddie said. "But we owe it to the people involved to hear [the directors' plans] first, not [the media]."