Saturday, January 31, 2015 4:04:41 PM
The ceo projected 2014 revenue to be between $30-31 million as late as June 2014. His investor presentation that is still on the web site includes $31 million for 2014.
He missed those projections by over 20%, not 4% no matter how we try to twist the facts.
And what was the pps all those months he insisted he was on track for those projections. 50 cents? 40 cents? People bought in at those levels expecting Schadel to be competent enough to reasonably project performance. Instead, they lost everything if they're still in and only get poor excuses from the CEO as explanations.
So, yeah he revised down his original projections in July and still couldn't hit them.
Loser.
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