GREY:CKNBF - Post by User
Comment by
sablesavoyon Aug 20, 2008 10:04pm
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Post# 15399510
Shorts; all certicom has to do
Shorts; all certicom has to dois publicly declare their time line for break even ( as I have said before they have full legal protection if they are proven wrong which they could be for reasons beyond their control ) . But without a firm commitment to profitability they are really saying we can not be counted to increase revenues by a measly 12 million to achieve break even. Ironically, the deficit is modest in relation to potential for revenue increases but huge in relation to their cash reserves. In other words, they are encouraging and helping the long term shorts
Why the Board has been unable to get successive managements to commit to a date for profitability is a mystery to me. I can name several dozen NASDAQ listed US (and Canadian) companies who, despite of the litigious culture in which they operate, provide revenue guidance.
i guess it takes guts to be held publicly accountable- apparently not a pre-requisite when salary, bonus ,perks and stock options are generously dished out by a Board- seemingly indifferent to the decimated stock price resulting from management's under performance.
Wonder why management and Board doesn't come clean. After all, canucks don't expect managements' to commit Hara Kari- just explain why they are being rewarded for losing money.