Warning - Sarcastic Post to Follow
After a year of wondering what the @#$ these guys were doing today we found out and management is fully exonerated of my concern that they are simply clueless.
It was not streamed to Ihub but Yahoo reports that at the world's largest security tradeshow next week Viscount's BIG focus is the release of the Enterphone IQ or the EIQ - not to be confused with EIO, the popular expression from a children's song describing pigs at a old McDonald's trough, not the ones at the vsys trough.
I bet the $2M investors from last year are as pumped as I am. I bought into a company with an amazing technology that could get bought at a big multiple if the company executes. Instead of spending the $2M to market Freedom and the stock he spends it on an intercom system?
The intercom business is puny and will do squat to enhance the value of this company. THAT IS THE REASON the old CEO MIGRATED TO ACCESS CONTROL IN THE FIRST PLACE>.
I may be wrong and will solicit comments:
We know from the 10K that sales of Enterphone for 2014 were $400,000 and were expected to be stagnant or fall. The market is approx. $100M.
We know from the 10K that sales of Freedom went from $888K to $1.6M. The market is over $1.2B.
Please help me, someone.. anyone.. understand why it makes sense to add a product to the dying product line in the puny market instead of investing in growth and why an investor would like this new story.
In other words, even if successful the EIQ will generate what? Maybe $200K/yr. in sales in a company that needs to grow by $3-4M/yr to get anyones attention. This is freakin insane.
