Msg. 07384 of 54959 (This msg. is a reply to
07383 by
tkc)
Jump:
Hi tkc,
I recommended clamming up in the DD environment. But you may declaim here if you wish!!!
For myself, I thought there was a viable alternative understanding re cash management. But the more I think about the amount of exaggeration in their pipeline prediction, the more I think there's a major issue with being grounded in reality which has not gone away.
And then I remembered I have called for board representation on the CCs for years and they have done nothing. So okay, they don't want to listen to constructive suggestions. I guess they learn the hard way.
Hi CF, I've listened and clammed up. But I hear you two singing my song. They should have anticipated the cash position, absolutely knew demand was weak and yet they kept adding salespersons. Atrocious cash management. I accept the R&D increase. Net result: a loss of $100,000,000 in market cap for a few M$. Next 6 weeks will be interesting. End of Q2 and Q3 revenue increases are becoming critical.
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