Dig: Whether the Bell deal was of consequence or not is not the issue, IMO. The larger issue is the time frame Solms set in saying the deal would be done in August. It is the credibility of the CEO in question, IMO.
The two-day thingy mentioned, refers to yet another time frame Solms set--in saying we would start to see the turnaround in Q3 and Q4. Next Tuesday will close out Q3 with thus far, no news or announcements of any deal.
These may be small items of no consequence in most companies, but our history is we were given time lines for break-even again and again by Steven.
But, instead of break-even, each quarter we ended up further behind--proving either the previous CEO was the worst predictor of business in the western world or a bold-faced liar.
Given all the other whoppers SKS told, I am inclined to believe Steven had no regard for the truth or his own integrity and credibility.
But this is a new regime and it should be given a chance, independent of what the old one did. And that is exactly the problem here. Solms has missed one time frame (Bell) and appears about to miss a far more important one--the signs of a turnaround he said we would see beginning in Q3.
It could still happen, but given the history, these early signs do not look good to me. I haven't closed the door and do not think Solms is a liar. But, for whatever reason, he appears not to be able to meet the time frames he set for himself. That alone is troubling.
Any footsteps down the mendacious path previously trod by Steven about deals and profitability, should set off alarms, IMO. Those of us burned so many times by the previous CEO, have every right, IMO, to be concerned when the new CEO can not keep to the time frames he sets. Solms should either put up or shut up about time frames.
It is further troubling that after nearly a year on the job, supposedly after hiring top-notch salespeople, no sales have been reported. To me, that signals significant issues somewhere along the line.
Business clearly needs better security. Wave claims to have it, but despite a desperate need, Wave has not been able to make a single significant sale in a year or more.
Blue
