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Re: Watts Watt post# 41174

Thursday, 12/05/2013 2:13:57 PM

Thursday, December 05, 2013 2:13:57 PM

Post# of 232815
I agree with comments that the Engel relationship could be huge and that could be considered significant and progress made by the management, etc.

What has been lacking is their demonstration of negotiating contracts and partner agreements that lead to profit.

Examples of shortsightedness that have been stated many times:

1) gave away the CE market ( in exchange for IP, R&D, etc.)
2) negotiated an "exclusive" manufacturing agreement with limiting associated terms (low margin (split)->low/no profit).
3) an insatiable appetite to spend spend spend
4) misrepresentations about a potential large contract ( on the cusp), and then no mention of why it has not materilaized, NOTHING

Pity the long term investor that makes excuses for it.
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