RE:RE:RE:Conference call was a joke
Well hedge old buddy, I agree on this one,the CC was a BAD JOKE.
I just listened to it and what stroke me from the beginning was that they started it with the Disclaimer and that means that projections and anticipations are just that, “again”,like you said nothing new.
Good Fiscal year coming, what`s new??.
I laughed when he said the new BOD is more in line with 3DGo,he must have meant that we did get nothing from either one yet.
To emphasize that we are now down to 11 employees, when we need a strong force to push our products makes me laugh, I have seen some CEO lowering their salaries to $1 and keep key people till they can prove that revenues are coming, not this baby.
2014 a turn around year?.(Hello!!)
When the year`s total revenue equals the salaries of the top four guys and the losses are in the millions,that should shows the reflection of the current model as he mentioned..
That creative book keeping write off it`s from the deals from the earlier 2011,till when ?, are we going to have another whack soon?.
They cleaned out the patents, we now have 29, 15 issued and 14 pending out of 39 original ones.
Another story about 4K-UHD-3D marriage in heaven.
18.231 registered users an increase or 3.521 from the 3rd quarter, but these are just registered it does not mean they rented a movie besides watching the free one, because if you divide the $95.000 revenue for the whole year by 18.231 registered users it comes to :$5.21 per registered user,that`s not even a new release per head ,counting some documentaries.
In cold numbers it does not make economic-business sense, I bet you some movies were not rented at all, and that`s sad.
You can blame that on the Vizio factor or on the over projection of PAN ( so far ) or on seasonality, but the fact is that there are tools-adjustments in place to compensate for that,none of which were used, and the funny thing he admitted it, “unreal”.
It does not matter how many million 3DTVs are to be tapped, you have to tap them.
We have a Quality Library to stimulate 3DGo,then put it to use!!.
He mentioned ( I believe) a test of 4K-3DGo in Berlin, a total success, nice to know.
Choquette mentioned again the $2.300.000 paid to the Studios, cleared now so we can start anew, I see it also as buying a gift certificate for 1200 meals and using only 4 of them .
On the questions:
Mark from CIBC mentioned that Vizio was still making 3DTVs, Routhier confirmed it, but just the models already made, no new ones, meaning we will get a few more $$ on royalties and 3DGo effect.
RG:
Wanted to know the “active users” on Q4, they could not provide.
Seasonality will continue on Q1, ( I addressed that, there are tools if they wanted to use them).
He wanted to know about the PAN roll out, Routhier said they had lower sales than expected ( But I thought the bulk were already sold, strange), then he went all over the place singing the virtues of LG and putting PAN down because of the active eyewear and singing again about LG passive.
He learnt two lessons ( expensive ones) Vizio-PAN, now singing again everything will be different with LG.
They are working already on a different marketing approach, (they should have said a new one, they never had any) , also show the 3DGo content in the stores, be nice to see how they do it if they can`t for free.
He also asked how many more switch deals is Wilan close to sign, another song from Routhier.
Where are we spending our R&D money, our efforts will go towards 4K-3D they liked the results from Berlin.
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They never asked again about the specific LG-S2D switch deal, what`s holding it ??,
This is from the Auditors Report, just in case:
Opinion
In our opinion, the financial statements present fairly, in all material respects, the financial position of
SENSIO Technologies Inc. as at May 31, 2014 and May 31, 2013, and its financial performance and
its cash flows for the years then ended in accordance with International Financial Reporting Standards
(IFRS).
Emphasis of Matter
Without modifying our opinion, we draw attention to Note 2 (c) in the financial statements, which
indicates that SENSIO Technologies Inc. experienced continued net losses and significant negative
cash flows from operations for several years. These conditions, along with other matters as set forth in
Note 2 (c) in the financial statements, indicate the existence of a material uncertainty that may cast
significant doubt about SENSIO Technologies Inc.’s ability to continue as a going concern.
September 25,
I put it simpler, we are running out of time, time is money and we don`t have very much of it, and or another cry of help to the Markets if we don`t bring some cold cash in soon..
Cheers