RE: PANICKING OVER THE REARVIEW My guess is that in their haste to release the financials on Friday, to allow the shareholders to calm down over the weekend, they missed the deadline for issuing a news release. I'm sure we will see a news release on Monday morning extalling the results of their new business and down playing the legacy business.
I'm not too upset over the overall gross margin because large legacy business revenues must be generating less than 1% gross margin. I think the question of management wages should be directed at the Chairman of the Board. Martin Berholtz needs to be held accountable.
I'm really hoping they sell off their legacy business or drop it all together. That they they could get rid of half their staff that is used to support selling a profit that earns less than 1% margin. Call me crazy if you like but it's time for desperate moves on the legacy business. Also the Mohammad guy must be costing the company over $200,000 a year. My understanding is that he is the legacy business. Time to go Mr. Mohammad. Step down for the benefit of all shareholders.