RE:RE:RE:Upcoming financials @Ciao I completely disagree with your statement of undermining Doug Dyments credibility. A few of his comments may have been bold, but he has not been proven wrong.
I understand your disappointment in timing, but if take a moment to listen to his US Small Caps Discovery interview from December, you will notice he mentions that no one knows the timing of the grants for these transit authorities and that investors should focus on year end results and not so much on the monthly stock price.
Recap:
PP offered at a low premium - Doug mentioned he turned the first offer down
PP offered at 58% premium - Doug accepted offer
- Any CEO would agree that it would be foolish not to accept such a premium, does anyone actually disagree with this statement??
The PP did not follow through which was out of Doug's hands - as he mentioned.
-- does this hurt his credibility? Possibly a bit, but I would suggest it would have hurt his credibility in the business world if people heard he turned such a premium away.
Investors wanted answers to what happened with the private placement and where it was at. Doug mentioned that the investors were still at the table and wanted in. Does this hurt his credibility if that's what he sees and is being told by the investors?? I don't think so
SEPTA contract was mentioned that it is gatekeepers contract to lose, as he recieved positive feed back from their products, services and timing of contracts, this is a great indication that it is ours to lose! Sure somone may come in with a cheaper contract, but at a consumers point of view service is a huge value as it could save the customer money during the contract. It's one thing to land a contract, but without great feed back from the customer then one wouldn't expect the customer to return. Doug also made it clear that it was his opinion and that it's not known for sure that the contract will be ours. All great responses in my opinion.
As for lumpy quarters: besides the unknown timing of contracts margins were expected to possibly maintain or even dip before expecting to continuously rise there after.
IMO I wouldn't expect to see a sustainable gap up until increased margins are shown on paper, reoccurring revenue percentage increases, and more diversity in income across multiple customers.
Everything DD has done has made complete sense to me, full credit still given. GLTA