Tuesday, July 22, 2014 1:54:15 AM
In terms of "dangerous speculating" based on lack of news public companies must release any material change as news. Since the new CEO took over there has not been a single material event of any substance or significance (at least attributable to the new CEO) that has been released by the company to investors. Therefore it is not speculation but legal fact that investors should be concerned that the company, the new CEO, and the parade of new employees have not accomplished anything "new" in terms of new clients or sales that is materially worth reporting to investors.
In terms of bad management and turning things around I'll go back to my previous posts that regardless of whether the old management was "bad" they generated all of the positives and technology associated with the company. Last year Freedom increased 300% and the company grew every Q grew with "bad" management. Q1 2014 was a bit of a stall so unless Q2 is fantastic I'll be questioning whether they've gone from "bad" to worse.
PS. "Dennis" became COO in Jan 2013 so if he didn't put proper quality controls in place back then he was a very poor COO to wait a year before taking action and then blame the old CEO.
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