Es1, you are 95% right on the chart and where this company has been and may be IF they don't get their act together. But that is true of many companies. There is a valid product from all reports, and we have had technical people do hand's on review and they assure us it has great potential in the hospitality market. BUT, your assessment of the CEO is right on! He is a man (SP) who is in love with his invention who can't run (to date) a one man parade. He says he has a new team of industry people (Steven Truckenmiller, new EVP) is one and he is impressive with a background from LNET, a declining industry leader in HDTV.
However, this company has been in a state of deterioration after SUPPOSEDLY landing a multi-million $ contract with Marriott in Philadelphia, PA. The installation is almost finished, but information from the CEO has been incomplete and at times, misleading. That is NOT good. No one knows what the contract consists of, and to date, no money has come in from Marriott, to our knowledge. We have not been informed about the real production of the ad insertion technology in $ terms, and so we are left guessing.
I am saying all the above, ES1, to say that our major wounds have been all SELF-INFLICTED BY THE CEO. The DD itself is pretty impressive, IF all works as we think. But who knows? The CEO doesn't tell us squat. So, my expectations have shrunk with my confident in this man, who needs to turn over the leadership of this company to Mr. Truckenmiller. GLTY in your DD. R3
