CEO and PR firm have delivered a 40% haircut in PPS from when the fabulous PR firm made an "investment" (still undisclosed) in a company that was not within their normal parameters despite a good market, improving economy, and low interest rates.
Yet they increased CEO salary (I believe) and hired(if I recall the old tagline correctly) a "respected" controller (that If I also recall correctly was featured in one or two releases and now is I guess is back on the bench), a big hitter in the gov biz (second try at that after the Orlando fiasco), and talked about audited financials leading to uplist, and contracts that are eighteen months off --- that all should have increased shareholder value - guess they missed that by a bit
And now it appears we have silenced the cheerleaders and even they must be wondering what this quarter produced - would expect the sales team should have delivered at least 1.5M in new business at a minimum(6-8 systems)between all the dealers and direct guys seems a pathetically low bar to achieve - does not appear they are increasing staff so one must wonder if the sales guys are selling and what is their sales exec showing in his funnel to close in 30 / 60 / 90 days. In my opinion they should have kept PR in house and handled by someone that understands the biz and current marketing techniques, outsourced their sales group instead, and hired a CEO to build the business to next level.
I guess one should be curious what the heck are they doing???? Only 47 days until next report - if you see fluffy PR's start then we are being lubed up.