GREY:CVHIF - Post by User
Comment by
stjjmacon Jul 18, 2016 4:47pm
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Post# 25063029
RE:RE:RE:Echealon Wealth Management - ONE SELLER all day
RE:RE:RE:Echealon Wealth Management - ONE SELLER all dayChoices are you suggesting management wasn't aware of seasonality? I hope not.i have a really hard time trying to figure out your posts, as a pumper they are incredibly naive.
questions for serious shareholders ( I am overweight this name right now) . What is the downside for Q1? Arguably revenue should be greater than $9 million, a number significantly below this will be negative. What other surprises might there be? We should not see a repeat of stock compensation costs. Marketing costs will likely continue and that is fine as long as utilization of beds is high. Any thoughts on what this should be steady state - 89%, 90%?
choices999 wrote: My guess is that he was FIRED because he did not perform. Quarter ending February 28 reported revenue of $ 6.4 million and MANAGEMENT was expecting $ 8.5 million. Reason was seasonal slow period which Dicks must have known and did not inform managment until the last minute and, also did nothing about it. Also, the insurance fiasco with billings not done in proper format so that insurance understand it and having Stampp sort through all of this.
My take is that STAMPP expects performance and this alleged complancent behaviour would not be tolerated. Hence he was FIRED.
They waited for year-end financials to be released as it was under his administration as CFO. New year is unders STAMPP.
This could be reason why they had to change year-end too, to start fresh with new management.
So the answer to your question, the decision was GOOD.
My opinion only,
PS: We will all find out next week when they post Sales of $ 9.7 million, which is without Dicks, as I am sure he was on the sidelines starting on February 28, 2016.