What he has done is what I warned about from the beginning from the time he announced the acquisition, he created a financial drain on WNBD that might do him in.
He did not have the financial resources to carry a rescued operation, his words, as he barely got by with WNBD as is. GTek was never going to bring enough Revenue to the table to make things financially viable and yet it was going to bring new expenses.
How much did he lay out in acquiring it to begin with ? how much is his new lease?
Another big issue is GTek itself. No matter what he spews, it's old tech, old products with a small niche market.
GTek sold it's bread and butter away to Qualcomm in 2011 for 40 million and Eric was never upfront about that.
I took a lot of flak for my comments and I take no joy in what appears to be coming true, what I continually warned, cautioned about.
Where's Eric now? appears to be hiding,
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