Memex Inc V.OEE.H

RE:RE:strategic alliance options?

[TriumphSpitSix]

Reposting as the later sections seem all that more pertinent now. 2020 looking to be "dry" year with results from 2020 trade shows coming to fruition in 2021. McPhail needs to go.

TriumphSpitSix wrote:

Geckom24 wrote: "Although none of the opportunities presented and reviewed rose to the level of serious consideration"

This section should raise eyebrows because it begs the question, "serious consideration by whom?" My guess is CEO McPhail himself, the cult-of-personality head of this company.

This, of course, leads to the further question, WHY were none of the multiple deals/JVs/partnerships seriously considered? Does one or more of the opportunities require McPhail to give up the reins, maybe take less of a role in a company that is full of potential but can't seem to get it together in any significant way?

Whatever happened to the Cisco partnership? We don't hear anything about them anymore and they have disappeared from the Memex website "Partners" section. Mazak is still there but no news is NOT good news. Did McPhail's obstinance blow one or both of these relationships? I don't know but that is a very real concern when you have a founding CEO who is too proud of what he's built to step aside for the good of the company.

Summarizing sections in the MD&A, it states Memex did a lot of trade show presentations and promo work in 2018, but not in 2019. It goes on to state they are looking to increase promo and trade shows in 2020 because "current leads on hand are run to ground" meaning they have been followed through to completion or exhausted.

This seems to indicate that any business the company does in 2020- BEFORE hitting the trade show circuit and ramping up marketing will only come from established contacts, for example, Jergens, Primetals, Usinatech, etc. Perhaps there's enough follow-on business to sustain them, or even thrive if a current client opts for a massive expansion of their Merlin installs? I don't know, but the chart in 2018 was all downtrend while they marketed and shmoozed, with those efforts only coming to fruition in 2019. And even then in no significant way to materially affect the share price. Does this forebode that 2020 will also be a "lean" (down) year while they get back out there and drum up new business that will affect the SP, if at all, only in 2021?

Landing new clients seems to be imperative for the business to grow and signs perhaps point to the need for a new face to lead those initiatives.