Share The Street

[bikeguy]

New WAFR CEO posts on wafr board:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=89408490

Obviously I never got so much attention from people I don't know who can judge without knowing anything about the person or his career. So let's start:

1. Compensation package will be released as it is mandatory for public company.
2. I am happy to be judged but let me work first and I only judge on results not on comments from ex employees or people who are not involved or never invested in the company.
3. Please be nice and stop commenting picture, we all have better things to do.
4. Cases studies: learn to read it and go to the result page which is the most important thing and don't jump to conclusions not knowing the story of each company. As an example, company $80m sold to CA for almost $400m, the company was losing several millions dollars per quarter. If you read what I did, I participated to get the company back on track.
5. Company with the larger number of employees, they are part of a very large US group($12b revenue) we were one their divisions. My job was to re-organize part of it, to improve revenue, margin, process, Etc... Which we did successfully.
6. UK company I worked for as an interim for 6 months, my job with the CEO and as board member was to re-structure the entire company through a buy out process and get the investors signed on which we did before I left and been headhunted by Thomson Reuters.
7. Track records- I think reading properly the case studies will give you an idea. As well as the references I have from clients, ex colleagues, ex managers etc...
7. I advised people to click on a link, please show some respect, i know you have bad examples in the past, I started like most of the people when I was 10 years old programming, I have been certified oracle dba as well even though I am not into programming anymore.
8. My company and profile website, you think I will put all the projects I worked on knowing that private companies will ask you to sign confidential agreement. I represent private investors and I work with known VC or hedge funds based in the US or China/Asia. As an example google CITIC and you will see what I am talking about.
9. Before coming I made an assessment of the situation, working with the people in place so I have no surprise, so legal actions, debts or anything else is not a surprise. My surprise is more ex employees trying to hack website or doing anything to get the company a bad reputation or even worse. Usually when we sign confidential agreement is for ever and we respect it.
10. So as someone said yesterday, let's judge him on results and if he can raise funds which we are working on since I joined on Friday.

In conclusion, I am happy to answer your questions as long as we can find solutions to make this company back on track.

So hopefully this memo will answer most of your questions for today and I am happy to receive more here or by email as Frank did yesterday.

I hope I didn't shock anyone here.

It is unusual for CEO to come and comment but I think based on the situation of the company and what we need to do to get everything back on track, it was appropriate to do so.

I am usually very transparent so if I can answer I will, i am not here to work against you but work with you. So help me there!

Best regards from the Frenchman as you are starting to call me on this chat.

Cyril Moreau