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I recall hearing they brought him
to discuss CEO position ( probably
@ Destler's request) had a conversation, JG steps outside for a smoke, and never came back?! Can't remember where I heard the story, but it was reliable...JG got sick bout a year later, Board offered Kaplan the job...bet he regrets that move..it cost him what 10 years, and probably over a million bucks?
Hard to argue
with any of today's observations, but can anybody explain why the last
two or three Board members would've
signed up for a seat on this
ship AFTER we hit the iceberg?
Doesn't make any sense.
In any event CEO's continued silence is now pretty much comical.."I plan on providing these video updates every week or ten days"..He should run for office...
...as did BOD, Corp Counsel et al.
He was PT Barnum. Thing is, I knew
mechanically inclined folks ( much smarter than I) that said it really was 'all that.'..
The reality is they couldn't
sell a single ice cold beer at a Sabres game, and if you've ever been to one, that's an impossibility-
Yet here we are, while the new
CEO has laryngitis.
Yep that's looking like the plan..
Patent protected "world changing" technology that was "worth a fortune". To whom ?
Didn't matter who the messenger
was, it appears to have been a dream; a bad one at that.
There doesn't appear to be any hopes
of salvage at this point.
Feel the same...
"Resigned, terminating her employment contract" something like that would be a little more professional...couldn't be improper
handling of funds- they don't have any !! :)
Did ya see Kdak today...?
Up $20+ halted 6 times before
Noon...? Crazy sh*t happens all the time- but never when I'm holding!!?
p.s. this company and its management
suck ( I hear rumor that another
senior manager left, one whose
departure would certainly be considered "material"...guess they
think silence is golden, I'd settle for a fresh round of new excuses).
4 mos give or take..?
Makes ya think Kaplan tossed
JD the office keys, and said
"Lock up when ya leave..."
Uncle Tom's 1M via 125k
installments must be about up?
Then what? Would be nice to
hear some semblance of a plan?
Or anything that isn't fairytales
and bullsh*t....
He's put in his
20 years. He's earned his clemency
from this financial rockpile.
As we enter yet another month...
is there anyone here who thinks
this Cura tech is going to be
a money maker? Forget when, I know the answer there ( "soon", "next quarter", "next year" for sure.)
I'm on record as saying I don't
really understand the economics
of algorithms etc., It's not what I initially invested in..they've dead ended the automotive technology it seems, so now all the eggs are in
this gadget, and I have no clue
how they plan to make $$, let alone
put a dent in the 90+ Million accumulated deficit...? I welcome
reply as opposed to bitching- I am quite proficient at that as you all know by now..surviving just isn't cutting it anymore..
Nothing is as constant as change...
except at CRGS..
New CEO, new high powered BOD
members (to replace our older
high powered board members) new
hot shot head of product development, new hip Miami Ad agency.. etc. etc..
and we're at 6 cents firmly
entreched in Nowheresville.
This company sucks.
When does 'worthy' = $$$
and how does it get there ? and how much?
That's the stuff I want to know
- safe harbor be damned.
I know- no answers for me-
Hence the crickets...
Shareholder indifference
( contempt?) is one quality our
leaders seem to have shared..
It's not like we don't wish you
never issued shares on this too!!
Sure hope
this new guy is better at attending
to the business at hand, than he is
at honoring his own commitment to
keep in touch with shareholders.
That would be nice..
but perspective ..by the time you
got done posing/typing the question he'd already made $120,000 !!Payx up $3-$4 today that's bout 80 million give or take...
Somebody find .08 cents
in the couch cushions? Spring cleaning? One share sure looks funny....that's bout all that's
funny.
Exactly..
An app to tell me when I'm at
my peak level? I already know that- about 10:00 a.m. Don't worry it's free. It's a far cry from a $6000 pump in a 6 Billion dollar market
that is cheaper, more efficient, and
more powerful than it's competitors.
C'mon Donnelly, tell your shareholders, who invested in a completely different company, why they should have any confidence
in a successful outcome?
Another month set to close..
and he still hasn't said crap.
Not that I'm surprised, I all
but predicted it awhile back.
Is there even a marketing plan,or
is it now we let the ad agency
do all the work (which to date
is the most invisible campaign
in history...)
We'll hear all about it..
"in the near future"..
Besides it's free to download
correct? So #20,000 x $0=
$0.00 ?
Disingenuous or Deceptive,
either way he was incredibly ineffective, save for being connected to real entrepreneurs
( Golisano, Saunders, Bonadio etal)
who were quite successful and had $
to invest.The patient is still
on life support, with apparently
very little going on: other
than "product development".
After
20 years that no longer garners
any enthusiasm.
Shame on me for sure, but these
guys have rarely been straight with
us...like ever.
Another uneventful 10-Q.
25 years and $92 million later...
Can someone explain,
in simple terms how this product
will generate revenue? Not bein a
wiseguy- the download is free.
Where does the money come from?
Monthly user fee? If so how much
per month? Ideally this is info
I'd hope to hear from the company.
As I've stated, I thought I invested
in a company with proprietary automotive technology. I don't truly understand what they hope to accomplish.Quite honestly, even after reading the filings, I still really don't..seems more wishing and praying something sticks.
Hope is a rare commodity with this one.
Well, every "week or ten days",
video updates is off to a roaring
start..one month in the books, and granted, April 2020 has been a doozy.
Yet, there seems to be a pattern with CEO's at CRGS..? Tell the loyal/patient folks what you think they wanna hear, and keep
kickin that old
can so far down the road, they can't see it without binoculars...20 years for me in a few months...averaging down has me the privilege of being down only 60%. Total fool.
'Bout due for another update, JD?
And please for the love of God,don't
start or finish it with Kaplan's
favorite line "We hope to have sales revenue in the coming periods".
Cause that dog won't hunt anymore.
Who was the
riverboat gambler that parted with
$2.76 today.. ??!
If we were truly talking
about 'world changing' technology, that was worth 'a fortune',(as we were repeatedly told) the investment banker selected would have been in NYC or Chicago, not Winton Rd South.
This was a yard sale, that got no takers- the stuff went back in the garage.
Moreover, with respect to Donnelly's
pledge to keep us informed of events (which no doubt means further developments/product enhancements) every week or ten days, how long before that becomes every 3,6 months? They will use Covid, quiet periods as justification...
All the G's
"World changing technology" is now on a shelf collecting dust
(FTV,IVT,CVJoint,Steer Drive, Iso
Torque differential, Rotatorque pump et.al...
We're down to a still developing
technology that has yet to hit the
market and they have no idea of
acceptance or potential sales...
The rather large lady clearing her throat is the proverbial fat lady it would appear....
Ask and ye shall be answered.
Thank You.
O.K. Jim D..
Tommorow is 11 days..let's hear
about the pump that's been in play
for a year and a half? No disrespect
to the new guy, but it doesn't
seem to gibe with 'overwhelming'
interest" or even market acceptance?
P.S. Love like hell to be wrong.
Pertinent Quote from Golisano in
Business Insider (describing the early days of PAYX): "
"Nothing happens in a company until someone sells something," he writes. "The act of selling and the art of negotiation are imperative to every business on the planet."
Amen to that.
This year or bust for me..
Gary S has been COB for the past
20 years or maybe since inception?
I saw the background
of new CEO and admittedly
had the same thought Zendo, yet Golisano has a two year degree from
State Tech School, and his PAYX shareholders never complain much.
Maybe, just maybe this company finally gets its act together and
truly rewards their shareholders for
"Our continuing patience and confidence".
Personally I don't care if Donnelly was 30 year old HS graduate if he can get my $ back, and ( God Please)
maybe make me a buck or two...This
Has been a brutal month for the Dow.
The guy he replaces to me was nothing but a glorified cheerleader.
Amen to that.
It also never comes.
Indeed.
Granted it's not business as usual
for the whole world, but it would
nice to hear from company. About
DK's "retirement", if/how Covid will
impact their 'business plan' (said loosely)..and if communication does
come from the new CEO it would also
be appreciated if he did address his
previously stated sales projections which never materialized ? Why not? It's what companies share with the
investors from time to time. Like I've said in the past, time become a business: It's past time.
In any event...
It'll be interesting to hear what
they have to say about this, who takes the job,if anybody can do
something with all this "world
changing" stuff...but on the face of
it, I agree- this is probably a good
thing...
I think he's about 72.
( Before I am accused of being an ageist again, it's not an indictment of his intelligence just a number that's assigned when one has a birthday).
It's been the same knock on this company since the beginning:
Mostly Rose colored visions with
piss poor execution, and yeh I'll say it- unbelievable arrogance on their part to deliver anything for
common shareholders..."Could you do better Leitrim?"...could I have done any worse ? Tell ya what, give me ten years and 80 million bucks, I would've got ya something for your troubles !! If only a free Mycadian watch before they hit the dumpsters.
Perhaps it means
Golisano is as sick
and tired of the "development,
discussions, "overwhelming interest", in our world changing
technologies developed by our
resident genuises. This guy was
CEO for ten years- pledged at hiring
to work 24-7-365 on behalf of shareholders. He commercialized nothing. Didn't deliver a dime in shareholder value. I would assume
one of these new guys will try to
salvage something out of this-
The financial equivalent of a pandemic..
My dreams died hard..
but reality eventually kicked in...
"those of us with tens of thousands of shares" that I have, what I lack is any belief that "If the mycadian app turns out to be the native sleep app on the Apple Watch 6"...mainly because history becomes a pretty good predictor after 20 years, and it would be impossible to keep that under wraps and this would be blowing up already...
Apparently it's "National Sleep
Awareness Week"...
I wonder if our company knows ?
They always have
impressive resumes coming on Board.
I hope his use of the word "conversations", with respect to the
pump (as opposed to "negotiations")
is not a realistic state of things?
A year and a half of talking would not be terribly encouraging. Better than nothing I suppose.
"Potential" greatness is often never realized..in sports, business, whatever...so far that's us.
I hear ya...
Not so sure bout my patience
and continued confidence ( no
great shock to anybody who reads
this board ?!), mainly because we've
heard
"We are currently raising operational funds on a month to month basis and hope to have sales revenue in the coming periods." for
about 5 years...and I'm probably being a bit generous...smh