GREY:WEWWF - Post by User
Post by
ddunon Nov 09, 2012 9:00pm
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Post# 20584223
Things do not look good at all
Things do not look good at all The stock closed at a 2 year low at $0.195. This low was tested twice before in July and August. In just one year the subscriptions are down from 105,000 to 84,000. This is an approximately 20% decline in subscriptions. The revenue is down from last year and last quarter by a significant amount. They lost $1.31 million dollars, though reading the press release it would appear that they made $800K in adjusted EBITDA. When adjustments include workforce re-alignment, legal fees, lawsuit settlements and other expenses, it is no longer a proxy for cash earnings, it is a proxy for witchcraft and deception. The board of director and management salary expenses keep going up with declining revenues and subscriptions. The G&A costs are up and R&D costs are down, for a technology company this is a disaster.
I am very concerned for the future of this company. It will become insignificant very soon and loose the technology edge and critical mass. We have to get the management to take a salary cut or forfeit their bonuses.
I would be very interested in hear other people's opinions.