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Re: extrinsic55 post# 19792

Friday, 03/28/2014 3:37:29 PM

Friday, March 28, 2014 3:37:29 PM

Post# of 96901
I'm not sure you are correct. John Signorello was a small-time operator who thought he could make a bunch of money by founding a company while singing at nightclubs. His untimely passing provided an opportunity for the board to develop a working business plan, but the product just didn't gain traction. Now they have apparently hitched their wagon to Graeme Gibson, a pretty smart and locally well-connected fellow, but not a visionary when it comes to a business plan for an expanding company. He owns a small mall, has published some articles, and joined his CTC company with the local NAP. In one of his public posts he boasted that his company had laid over a mile of cable over the previous year. A mile!! Really?? We have more cable than that in the building where I work. On balance, he is a small time operator also - albeit a small time operator with a bit more business savvy and success than Signorello. Iceweb solved the steady revenue stream with this merger, but to date there is no evidence the stream is sufficient to allow the company to survive, much less thrive and expand. And Gibson was able to make his privately held company a public one through the merger. I just don't know what they plan to make of it.

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