VP, Investments, resigns....what to make of this?

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This director was appointed just before the major top in early 2007, and has been onboard since. Is he being let go just before the bottom? It would seem to me that a departure without advising a known destination constitutes a firing? Not sure...
Maybe Mr.Goldberg is cleaning up the company for the next upleg. If a "new" director is to be appointed, it would be a good time to offer him/her stock at these rock bottom prices, with options, too. Thoughts team? thanks...D

The news Release on July 30, 2008.
PINETREE CAPITAL ANNOUNCES DEPARTURE
TORONTO, Ontario (July 30, 2008) – Pinetree Capital Ltd. (“Pinetree” or the “Company”) (TSX: PNP)

Pinetree announces that Donato Sferra, Vice President, Investments, has resigned effective today, to pursue other interests. Mr. Sferra joined Pinetree in February 2007. Pinetree thanks Mr. Sferra for his contributions and wishes him best of luck in his future endeavours.

Larry Goldberg, C.A.
Executive Vice President and Chief Financial Officer
Pinetree Capital Ltd.
130 King Street West, Suite 2500
Toronto, Ontario, Canada, M5X 1A9
Phone: 416-941-9600
Email: ir@pinetreecapital.com
Web Site: www.pinetreecapital.com

Here was the news from 2007 of Mr.Donato's appointment...Toronto (CTI) –

January 17, 2007 - Pinetree Capital Ltd. (TSX: PNP) announced today that it has appointed Donato Sferra, CFA, CA, as Vice President, Investments, a newly created position. Sferra , an integral member of the Pinetree executive management team, will be responsible in the evaluation and management of Pinetree's investment portfolio.

For the past five years, Sferra was an analyst with TD Securities Inc. and previously had practiced as a Chartered Accountant for one of the top accounting firms.

"The addition of Donato to our management team is an important step in our evolution. Our portfolio of investments has grown significantly over the last few years and the addition of a professional of Donato's calibre will provide considerable strength as we evaluate new investment opportunities and manage our existing portfolio," commented Inwentash, CEO of Pinetree Capital.