Post by
bailey2 on May 27, 2017 6:17am
Sad
Last quarter Allen said that they would be able to make up previous revenue shortfall. It did not happen.
June 1 is their oral meeting with the Nasdaq panel. I guess it wasn't material enough to garner a news release? It was buried in the md&a
Accounts payable up to 25 million
Accounts receivable down to 11 million
Debt 17 million
Cash 4 million
Judging by revenue numbers , regardless of quality of product , company is now being overlooked because of financial difficulties.
Can't wait to hear the spin from management on the conference call.
I went on the Ceragon website. I quickly counted that presently there are about 49 job opportunities
wordwide. Clearly looks like we know one of the names, eating Dragonwave's lunch.
Comment by
barneyj44 on May 27, 2017 9:06pm
Sad indeed that Allen and his little bum buddy Hawe have driven this company into the Abis, but what else should we have expected ,there Nortel background should of been a warning to us.
Comment by
bailey2 on May 27, 2017 11:13pm
Yeah, the lack of transparency in revenue numbers for contract wins, no shareholder pr department, and virtually not one share of the stock bought by management "ever" , should have been enough to trigger red flags to make this company contagious with a terminal disease. Pre-split 6 cent share price now?
Comment by
bailey2 on May 28, 2017 6:51am
I meant pre-consolidation of shares.