I'm curious about what the reasoning is behind this practice. If a company's board puts out a statement of full confidence and rapidly changes their stance (in this case 3-4 days later) then doesn't that give the appearance that either the situation is drastically worse and they were inadequately informed at the time of stating confidence? I wouldn't feel very confident about the counsel of the board of directors that changed their stance that drastically in less than a week.

Just trying to understand what the benefit is to the approach from the perspective of the board.