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Re: Wave's precarious position

By: DigSpace in ALEA | Recommend this post (0)
Tue, 14 Aug 12 2:32 AM | 123 view(s)
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Msg. 09333 of 54959
(This msg. is a reply to 09332 by tkc)

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I doubt much is planned. You used the word "managed".

They guessed. They guessed they'd nail a deal or two in a fairly broad window. They didn't. Bad guess. But a disservice to the word "managed".

Now they are guessing a couple deals in the next 10-18 weeks.

Managing involves putting together scenarios of what happens with any potential outcome for any guess or set of guesses and having a plan for each.

They just don't seem to do that.

They sit back, guess, and react to the consequences with whatever they can come up with at the time.

They don't do contingency.




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The above is a reply to the following message:
Re: Wave's precarious position
By: tkc
in ALEA
Tue, 14 Aug 12 2:26 AM
Msg. 09332 of 54959

And I didn't even notice the A/P number on the balance sheet until another pointed it out. A/R down to $3.5M which they've undoubtably borrowed against vs. A/P up up to $7.8. "Wake up little Suzie" we're in trouble deep. Seriously, I wouldn't be a bit surprised if they file BK. This has been so badly managed it looks planned.


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