Requisites for our new CEO:
- Proven track record in amassing capital for startups - we don't need another VP of whatever who may have cursory experience on finance board or two or what have you...but let others do the heavy lifting.
- A go getter - someone who actually attends conferences/tradeshows, goes out of his way to forge contacts, not rely purely on word of mouth etc. Someone who will travel further than his front porch in pursuit of the aforementioned. We need someone to re-model the Titan brand like its a hot tech stock...which it is!!
- A full timer. Someone who will actually if not reside in Toronto, then at least demonstrate a full time commitment to the job. I personally think this person needs to reside in Toronto, or at least be in Toronto on a minimum bi-weekly basis. It is not a good sign when Susan Wilkens is the only apparent full timer on staff. The admin of a publicly traded company should not be a part time job, and this perception from the broader market that Titan Admin are a bunch of half asses doing a part time science experiment will have to be addressed in the most urgent of fashion.
- Someone who is not afraid to clear away dead brush. Frankly, what is Mr. Randall still doing at Titan - he has been the lead financial expert on staff for how long? Look where that expertise has taken us! Dr. Rayman, aside from occasional posts on Linkedin which are often months out of date, does not seem to take his role too seriously. And what is the role of a board member if not to attract capital, interest and general publicity to the company? So far, with all respect to Mr. Barker's recent credible moves, the BOD has been an abysmal failure in these respects.
- Someone with a strong knowledge of the use of an active PR strategy. It is clear that current Titan management is far out of their league in this respect. Not sure EVC has been given a clear mandate as to what to do on behalf of the company, other than address investor concerns. They are of course not even listed on Titan's web-site under investor relations. What the hell are these people doing?
- Someone who will give immediate signals to the market that Titan is indeed player in this industry. The options allotments are disgusting without a co-requisite to purchase shares at current prices. We need a CEO who will make a strong share purchase as a sign of confidence. Give him a zillion options at $2 strike price. But short term, he will need to lead from the front and that would be a nice signal to the market. Outside of Rayman, nobody else at TMD is putting their monies where their mouths are!
- Mr. Hargrove's word of mouth stragety has really screwed us over here. The new CEO will need to take a much more hands on approach towards investor relations. Of course, the best action is action itself - and we need a bit time leader here.
