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BSM Technologies Inc BSMZF

Technology Computer Systems
"BSM Technologies Inc is a provider of real-time positioning system (GPS) fleet and asset management solutions. The company offers solutions to various industries such as service, construction, railway and government sectors. Its product and services include Fleet center, JMM, Lat-Lon solution, Mobi's data center solution, Sentinel fleet management solution, and Sentinel rapid install solution. The company operates geographically across Canada, the United States of America and other countries."


GREY:BSMZF - Post by User

BSM Technologies Inc > New CEO
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Comment by ddunon Aug 29, 2018 7:18pm
148 Views
Post# 28539270

RE:RE:RE:RE:New CEO

RE:RE:RE:RE:New CEOCresendo has done nothing! The revenues are dropping, subscribers are going down quarterly and the company is no longer profitable. There are four distinct technologies which dont work with each other (webtech, BSM, Mobi and other smaller acquisitions) and there is no easy fix! The board of directors need to be fired and a new board with new ideas need to take over. 4 directors have no stake in the company and other 3 represent 20% of the shareholders. There are 4 other shareholders who collectively own 25 million shares or 33% of the company; they need to get on the board. Since when is it a good idea to take a beancounter and make him the CEO? Things are going to get worst before they get better! YTD the stock is down 20% from $1.44 to $1.18 while the world stock indices are all at a 6 month high.
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