Dan,
There is really not a lot to say about it other than the company reported these numbers. They know the financials aren't pretty and that is why they brought in a first class CFO, Yesner and the new Chief of Operations, to drive sales and profitability because they believe the product and company will get there.
I don't watch what they say as much AS WHAT THEY DO. Amazon, Linked-In, Group-On, Facebook, Cellairis, Paypal, Craig's List, and 20 other successful tech companies from small to large went through amazing trials and tribulations over years of effort before they were profitable. If it was easy everyone would do it.
What are they DOING??? They are building a VERY SOLID team of industry professionals to lead the company. It speaks volumes to me about where this company is headed regardless of ping pong up 3 ticks down 4 ticks daily shenanigans on this board.
From the recent CC, " I can’t be more excited to have on my left side, Jeffrey Yesner, our new CFO, very excited that we have such strong financial control at the helm. On the other side of the table here is Mike Moran, our new COO who brings with him a wealth of incredible experience in the operational and marketing side. The other thing we’ve done is brought in new control for our IT group and we’ve moved a lot of our IT development from off-shore to onshore here in the U.S., and we brought in a team from a competitor who is now managing and running the IT platform. The culmination of the CEO, new CFO, and new COO and a new IT team and bringing the new team together has been very, very exciting to have this team, this product and this marketing opportunity. In terms of the product, I just want to express an overview of some of the modifications that have taken place and reinforce, not only having a strong commitment to product, but there has been a strong commitment to capitalizing the company. And that recapitalization has included many of the people at this table here. Both the Chairman and CEO of this company invested in the last round of financing and that’s a statement of our belief and our commitment for this product and company, and the market economy we find ourselves in."
Oh and I forgot Dr Ervin Braun on the board now which in my minds sews up the JB committment question.
In order to have a championship team you have to recruit it, build it and let them do what they do best as individuals and part of the team. That takes time and $$ in the business world but I like what I see from that side so far. They will announce news and contracts as they are finalized. Not some speculative penny pump and dump style crap that dominates I-Hub mainboards.
As far as the RS...if they have desires to uplist to the big boards they will probably have to conduct one. I don't believe they will do a destructive RS when they have so many holding shares as result of the various series of financings (A-G). You don't get to screw over accredited and angel investors...they hire lawyers and hit men. :-)
DD22
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