OTCQX:FRNKF - Post by User
Comment by
Hunter747on Sep 13, 2017 11:09pm
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Post# 26693586
RE:Some comparisons
RE:Some comparisonsGreat work putting this together. Look at the leverage the business generated between 2013 and 2014; almost a straight drop of incremental revenue to the ebitda line. Someone knew what they were doing. When I look at 2016… again all I can do is shake my head at the lack of fiscal accountability. What was the ROI on the marketing??? And who approved putting more than half the shareholder’s potential value into R&D. Wow. R& D for who …Raycom?
Not just CEO but the just looked at the background for the guy who calls himself the CFO and also COO and have no idea how he could ever be considered qualified to manage this kind or scope of a business with any degree of success.
Can see why the owners of Worldnow are very upset to be holding a bunch of worthless paper (which they probably didn’t sell because they knew what the business was capable of).
If this is real business and not just a subsidized R&D department for Raycom, then maybe its time to bring someone in and clean up this mess.