Hey Wayne, I know I can be harsh when it comes to JF. He has smarts in some areas, but in others he's a total idiot. If he really knew what he was doing, he'd be well above the break even sub number by now and we'd all be millionares. Unfortunately, he has no concept of advertising and what needs to be done to grow the sub count. Take just about any well known sub-oriented business and you'll see they ramped up subs relatively quickly. XM was genious in this arena. Others, like Tivo, haven't been as successful, but still managed to build subs in the millions within a few years. Also note that companies like Tivo are still losing money (although they finally posted their 1st profit this Q.. but then projected a loss for next Q) and yet such companies are doing far better in terms of stock price and brand recognition. The fact that GZ STILL only has a hand full of subs points to the enormous hole in JF's business strategy and management skills. All the while he continues to burn millions on advertising/consulting fees that do very little for the shareholder or the company. Being debt free is key and is the only thing that will get us out of this hole.
Retired in 2 years sounds good :). We'll see. JF is in a race against evil and there's no prize for 2nd.. wait, no, that's Indiana Jones. Well, he's definitely in a race against bankruptcy. IMO, The race will be over in less than 18 months.
