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Re: Nice post, dig

By: Cactus Flower in ALEA | Recommend this post (0)
Thu, 19 Apr 12 11:12 PM | 83 view(s)
Boardmark this board | The Trust Matrix 		Msg. 07386 of 54959
(This msg. is a reply to 07385 by tkc)
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Hi tkc,

Even to depend on a single order would be a little reckless. I presumed they had more than one. A pipeline. Evidence of demand across the marketplace.

It appears they did not. At least not until the DoD opportunity materialises. But the DoD timeline seems to be mid-year 2012, and New Wave defined this months ago. So Wave surely knew long since as well.

In which case, they should have assumed the doughnut hole. In which case, why on earth leave the funding so late?

I can't make it add up to something other than a serious failure in their forecasting of the market. The responsibility for this belongs to the CEO, who has form in this regard.

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The above is a reply to the following message:
Re: Nice post, dig
By: tkc in ALEA
Thu, 19 Apr 12 11:01 PM 		Msg. 07385 of 54959

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.

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