My morning Rant
Another day another week,waiting for some update,nothing fancy just some mixture of numbers showing some progress, after all we were doubling the number of users monthly and increasing the rentals at 70% per month with Vizio,if you ad PAN-3DGo to the equation we should be doing a heck of a lot better,not my words,Routhiers and RG`s words.
I always said that percentages of very small numbers could be deceiving but they keep throwing them at us, even our latest catalyst Mr Bruce Campbell mentioned them.
Can`t see much showing on the Y.E Financials but we should get some idea on Q1 at the end of October (unless they blame Summer for the low numbers,even though it was a crappy one),let`s wait.
If not on Q2 we`ll have some numbers from LG-3DGo also and they may look better as a trio.
But let`s go a step at the time and wait for the coming one.
You can pick a date and start from there and the PRs have been good (like always) but still no revenue,now it`s worst because we are subsidizing the Majors with a new platform to show “our” movies from “our” 3DGo paid for with “our” money (Studios,set up,reformatting,NeuLion,Deluxe,everything) and paying them in top for using their devices.
Who said we were stupid.
Going back to the new format for Panasonic-LG,if you read the Y.E 2013 it was mentioned by Routhier that the new comers to 3DGo with the SIO Hi-Fi would turn things around nicely, it was part of the projections,I guess they got lost along the way.
I am still seeing blue-red and yellow as to why hasn`t LG settled for the S2D infringement,it`s incredible that after all we have done to accommodate them they still not settled the infringement.
We are lending money to a Major that refuses to pay us for something they stole from us, and the funny thing none of the analysts asked the question.
I can`t be the only one that worries about that, even though I have bad vibes.
Panasonic settled the switch and then came on board for 3DGo with their “porting”,but at least they settled.
Samsung settled (one of our best revenue-quarters ever),the fact that they are not coming on board for 3DGo still makes you wonder if they are waiting for results from PAN-LG.
Sony settled the switch also,will they be the next ones “and how”.
Toshiba already tried it,will they come soon also?.
Hisense is set up with the full Hi-Fi showed some small revenues on Q3 last year.
TCL is set up with the full Hi-Fi also, but we don`t know what`s happening there.
So we have “3” Hi-Fi`s and “2” “porters”.
Again the potential is there as it has been for years, we must have a good Janitor to keep the shelves well dusted.
BUT the beauty of the equation is that St Nick said NOT TO EXPECT anything till the end of the year,too busy with “LG”, he should cut a couple more jobs and subcontract everything,we may get better results.
We sure don`t want any more dilution PLEASE, even though it was mentioned on the Disclaimer on the last Report.
If you look at timing it could be that BEACON was-is buying for Bruce,even though as I mentioned since April is nothing more that the odd sell or crosstrading.
Who is GM buying for?, themselves ?, RG says that they own more than 1%, so did many of us at one time, but he does not mention the in between,if not for them, the Caisse? Another small group??, someday they will have to report.
So we keep adapting ourselves from long to longer, from Hi-Fi to a concoction format to show still our HiFi reformated movies on 3DGo, somebody explain me that one someday.
They dilute, they promise,they lie, they don`t execute.
The new BOD a huge disappointment, SO FAR nothing changed,if that was the Caisse`s choice it was a poor one,coming on to eight months now and the only news was the sell of half his position by the Chairman Mr Karam.
Their pay structure also very generous if somehow complicated.
All in all this chance we have now has to be executed superbly, NO FACK UPS, we are hanging from the support of GM-BEACON and Bruce, we know what`s coming and we hope they can execute for once, we are running out of time,money,excuses and soon support if they don`t smart up.