Naz News, Gappers and FLE's

[mcmike]

RNIN update:

their customer, NewSight, still without the financing to pay off the note due. the note was extended again, probably, because the grocery chain in the Chicago area, Meijers, would be a nice plum to have under mgmt. with full rollout and they still have over 80 stores that haven't had digital signage installed yet

CFO John Witham left. this happened after last weeks annual meeting which is a bit surprising. don't know any further details. Witham had a long history with Jeff Mack at Olympic, then renamed Arcadia Financial.

New hires announced:
Wireless Ronin Technologies Names David Kampf as Vice President of Project Management and Daniel Radunz as Vice President of Network Operations Center
Wednesday June 11, 6:46 pm ET

``The extensive experience Dave and Dan bring to the team in leading large scale deployments and information technology management makes them significant additions in leading Wireless Ronin's project management and network operations.''
http://biz.yahoo.com/pz/080611/144526.html

The stock reacted as if this was a balloon for SG&A without having the revenue stream to afford op.expense increases in place.

It comes down to a matter of faith... If you believe the KFC and Yum Brands contract is just a matter of time, hopefully a short time, then the 30% haircut from the $7+ area to below $5 was a great opportunity.

If they choke on their expenses in endless anticipation, there will be more pain in the price.