RE:Bad day for KNRI agree. A conference call where Paul is forced to take questions from investors would be most welcome. Perhaps when the year-end financials are released? We'll see how transparent he is. History suggests he might not add much colour.
Regarding the guidance for 2021, he used the word "visibility" to sales of biocloud in the $10-11 million range. To me that seems like a carefully chosen word. My guess is that we can assume this is the floor for biocloud sales, with plenty of optionality to increase that. I wouldn't be surprised if Paul has no idea how much "interest" will evenutally convert into sales. As a former business owner, I was often surprised when certain sales I had been expecting didn't pan out, and some occasions when sales I didn't expect came out of left field.
canyousayiii wrote: The damage to the credibility will take more time to shake off than the realization of how poor the BioCloud demand is at this point. Folk keep hoping that it is early to make such a forecast and there will be some contracts that will blow this forecast. I would hope so too, except that would be a materially different picture than they painted today and unfortunately exceeding expectations they put out today would be problematic. So, how could they put out a forecast for the whole year so early? I don't know...but they did, without any wiggle room. I don't get it because I can see no upside to that wisdom but only downside. Downside if they materially come under that forecast, and downside if they materially exceed it. I am disappointed to reach my own conclusion that they are really not good at, at least, some important aspects of running a publicly traded company and that I cannot read anything into any future communication that may be cryptic or subject to multiple interpretations. KNR for me has turned from an investment to just another gamble. Thought they were different. Very disappointing. It would be nice if the CEO would organize a conference call and face the music with clear answers to what would be nothing but tough questions as a start to rebuilding any level of trust.