GREY:ISYRF - Post by User
Comment by
Orillia7on Oct 11, 2012 12:26pm
239 Views
Post# 20473438
RE: RE: RE: RE: Web Update
RE: RE: RE: RE: Web Update Good point. Destinator was a terrible investment and Soleus was a terrible investment. Current management didn't make those decisions, so I don't hold them responsible for that. Although most of the board was around for those decisions, and I do hold them responsible.
I do want to know why they have $11M in the bank and don't invest in the business. And I do hold management accountable for the excessive spending on strategic activities with ZERO results. Anyone remember Senoma? Why don't we hear what they have done for us?
Seems like mangement is content to cut the busines down to 10 employees and 7 board menmbers. On the other hand, I'm impressed with the Qualcomm partnership and long-term potential from that. So I have mixed feelings about management. I don't know if it is both the board and management, but something is wrong when you have hundreds of thousands of dollars being spent to pursue "strategic" activities in a quarter and almost nothing in R&D. I wouldn't mind seeing the board shink down to 3-4 people and have them be all new.