Thanks massi.
This is a refresher from my take on the last CC (October 28th) where we all agreed it was much better one than the prior one just four weeks earlier and much more optimistic.
In reality it has been not quite seven weeks since,meaning within the last 11 weeks we had TWO CCs where the projections and execution have been the worst ever and this from the biggest fish we could ever dream of.
If you guys read the Company`s update from last December (i reposted it again yesterday) you can see that already so much had not been achieved and the biggest promise about not doing the same thing that was done with Panasonic (no Hi-Fi but a different platform) was done with LG, I know there are excuses and points and facts but.....
He expected a good Q2 and a stronger Q3, well we blew Q2 and we are already losing the best part of Q3.
I don`t give a sweet merciful tooth about the next Update ih he has the guts to put one or his unexplicable unrealistic projections for the near-mid term but I would LOVE to see the Caisse or the BOD to stand up to him and wipe his arrsse of all his arrogance give him an ultimatum and hit him where it hurts the most.
We had put with enough shiit from him and by the same token our BODs, now the Caisse has a chance to right all this wrong, do they have the balls?, by exercising the last warrants they threw him a life line, how long is it??.
Since Oct 2012 when the Caisse came in with help on the PP (0.33) things have been going downhill big time,except for a couple of hicups we have been pucking steady.
Every day that passes without a launch it `s a lost day for revenues and for wasted royalties paid to the Big Studios (which by the way we have Disney and Paramount up for renewal in March 2015).
We finally have what we wanted but we don`t seem to know how get it out.
Even if we launch tomorrow which I doubt I will still think this way.
Getting back to the last CC:
+++++++++++++++++++++++++++++++++++++++++++++++++++++++
RE:MUCH better CC
You can cut a lot of words and end up with projections and hopeful promises, some do make sense but like the Disclaimer says, at your own risk.
Uncle Bruce was right LG`s launch ramping up and wrapping up in November, no October launch.
I was right just Canada in December (hopefully) and the global expansion as it`s feasible in 2015.
Routhier and Choquette are good for throwing numbers and percentages up in the air.
I don`t really care how many 3DTvs are sold worlwide, I care about how many will watch 3DGo.
So he postponed the outside North America right of the bat.
I wish someone would explain me the Interpolation patent and the possible money benefits.
I can`t actually believe they are happy with the 3DGo numbers from PAN-VIZ and the way Routhier kind of discard them makes you wonder.
Apparently there were lots of glitches and most of them are fixed,an excuse he used for launching first in Canada and the fact that lots of the movies already have rights for Canada and the deployment would be much affordable..
He mentioned that a frequent user is one that rents one movie a MONTH, can`t be too many.
All the apples are on a successful launch of LG.
The Marketing and awareness campaign through emails and and direct approach, free movies,offers will be a new initiative that should bear a different result (hopefully again).
Disney will get involved through exclusive movies to 3DGo and they hope for a strong response to commence on USA Thanksgiving.
He expects 50.000 new active users from LG by year end, he had a hard time explaining to Ralph on how.he figured that out.
THere will be no significant expense to show the movies internationally through the Studios side and the fact that Deluxe and NeuLion are involved, BUT if you read the life of Netflix you`ll find out the extra expense of dealing country by country and that`s why I am little relieved that they will do it slower, money will fly otherwise.
He expects strong growth for Q3 (so do I if I`m to follow my plan).
Good questions from RG today kind of put Routhier on the defensive.
How will he convert existing customers over 3DGo?
Interpolation would it be something like S2D in the way of revenues?.
Cost of going international?.
Possible money in the Bank?.
So even though SIO is enthusiastic and is devoting all energies on driving growth the fact is:
We are launching in November in the USA instead of October, not bad considering past performances and the advance notice from Uncle Bruce.
We are launching just in Canada in December.(I mentioned)
We don`t have a date for global expansion.( I mentioned).
We have almost $1.500.00 in the Bank, almost $3.000.000 in warrants when and if they are cashed and possible revenues from the switches to bring us to a POSSIBLE $5.000.000 in the medium future, not sure but hopefully.
Let`s see how RG updates his Report.
IMHO