Msg. 07385 of 54959 (This msg. is a reply to
07384 by
Cactus Flower)
Jump:
Hi CF, re the cash thing: There really is only one logical answer, (I'm eliminating stupid, arrogant & reckless) and that's that they had sufficient reason to believe they would shortly be in receipt of a significant order w/ up front money. It has to be that, doesn't it? It's the only thing that makes sense. We all saw this coming when Q3 was reported. So Feeney would have seen this and counseled SKS in early Oct. Thus they couldn't have been just depending on BP, there has to be another that's been delayed - as most have been. It's the only thing that makes sense.
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.
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