Telanetix, Inc. (fka TNIX)

[FCF12]

Runner,

I know its hard to believe. Under this CEO the price has gone from over $1 to $.04 with a steady decline. And because he was not successful growing sales revenue he had to refinance this essentially at the other owners(our) expense. Otherwise the debt could have been elimnated through income. I thought the PPS could move upward toward the $1 range based on the low product cost and market size but has not happened with this poor management execution. Another thought was IF the co was going to grow this could have been sold to another co. The refinance with Hale has drastically altered ALL of the other owners potential returns. Take for example a sale of the co for $50M. Pre-Hale you would have received $1.60/share, NOW you would receive a mere $.14/share. Nice right. Hale of course would benefit and so would this managment. A reverse split would NOT even be a necessary consideration if it werent for the Hale deal. This CEO has not done the job for the OWNERS except Hale. Talk is cheap which unfortunately matches the share price.