The Jailhouse

[HhH]

24601: Pathetic response...

counselor. Your CEO defends a $21 million revenue projection in August of 2001--a year in which the company falls 95% short of that figure. Undeterred, your CEO suggests cash flow break-even for 2004 in November of 2003. This time, he won't even hit 5% of his projection! Some of us, counselor, knew that was utter bullshit and said so at the time. Hmmm. I think I might have been one of those.

Honest to God, there isn't a SINGLE CEO ON NASDAQ who would still have his job with such a record of idiotic/insane/intentionally misleading (choose one) guidance.

I'd love to see Steven's spreadsheets that led him to make the 2004 projections. They must be quite hilarious. And, of course, Feeney sat by with his thumb up his ass. As usual.

Only a cult, John. Only a cult puts up with this sort of thing.