maybe SKS takes MBA classes @ night!
& just learned that part, b/c it would seem he was totally unaware that the burn would have to grow w/a ramp-up when he predicted cash flow breakeven by end of FY 2004.
seems like something that a reasonable investor might consider material in a buy/sell/hold decision.
& this Snack, is my biggest complaint by far!
& while it doesn't necessarily make SKS a "liar," it makes his words totally unreliable.
he predicted $19mil in revs way back when in response to the GROW analyst's question. He was given room to back away from the guidance but instead re-affirmed it.
during the "best CC ever" he said bubkus about breakeven timeframe & it was definitely a factor in my AH sell.
now he is pushing that goal out a year to a year +
AND, i'd say any of this to your face, his face, his dad's face or their lawyer's face!
SKS needs to focus on making statements that he can back up & that come to fruition. i'd much rather hear him say he doesn't know yet, or it's too early to say w/any degree of specificity.
instead he makes claims & then has to significantly modify them just ninety days later.
you cannot tell me w/any level of honesty that this stuff doesn't upset you!
btw, is your son still gobbling up shares?
tia
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