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Re: tedpeele post# 1785

Friday, 04/10/2015 2:37:35 PM

Friday, April 10, 2015 2:37:35 PM

Post# of 2353
I'd love to agree except for a few glaring concerns. Firstly, this intercom system will represents peanuts as far as revenue goes. Secondly, Raefield was talking profitability by Q4. This company was on the rails going into 2014. The losses were dropping and revenue was starting to go up. Instead he lost $4 MILLLION. This harkened back to his days at MACE when he squeezed out the CEO with promises of a rapid return of profits. Instead he lost about $30M in 3 years.

Viscount doesn't need to bring in a bit of cash with another intercom. They need to clean house because as it stands the cash burn rate is untenable.