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Artaflex Inc V.ATF



TSXV:ATF - Post by User

Comment by jackbnimbleon Jan 12, 2010 12:34pm
273 Views
Post# 16668914

RE: 2010 signals end of recession for mobile marke

RE: 2010 signals end of recession for mobile markeI like your enthusiasm and certainly well governed and well managed companies like IEC are and will prosper. In the case of ATQ we have to keep in mind that the $3million contract drops only $300,000 to the net income line at best.

This could be sucked up by the "helping professions" helping themselves to more fees for their outlandishly priced services. Maybe the board and management will start staying at the Four Seasons now instead of the upscale Westin Prince even though their is a Holiday Inn Suites just around the corner for the hq of ATQ. Who knows maybe they will start flying around the spouses at company expense to New York and Germany and who knows where else? Who knows with the way in which ATQ is governed. It certainly is not the way in which IEC is governed and IEC increased shareholder wealth by 75 times in the past 8 years unlike the 75% reduction in shareholder wealth caused by the current governance "leaders".

So I would not bring out the bubbly yet. A new contract is a positive but there are serious problems still to be addressed by those that have a fiduciary duty to act to protect the shareholder interest!
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