RE:RE:Merger or acquisitions or saleSofame is an excellent test of the CEO's and the board's strategic acumen.
They hired the founder of the company before they acquired the rights to technologies he designed. Sofame was illiquid and seized operations years ago. They knew what they were getting into, and it the result of all this is a few hundred thousand dollars worth of sales for this year and the next, as opposed to millions, they will have demonstrated that they don't have a good sense of priorities to achieve real growth.
I thought Sofame was supposed to address a different market, more instititutional, but when they seem to be just concentrating on a couple of handfuls of bigger existing clients, the fit does make you wonder. Sure, you may sell some product to those, but I would like to see selling some product to a 10 times larger client base. The multi-billion multi-nationals are not quite sprinkling their pocket change towards us frequently enough.
As far as I am concerned, the Sofame client list is decades old and therefore too close to worthless. Most people involved in those purchases, even if they liked the results, are probably long gone so it is back to basic selling skills. Not TEI's forte. Mr. Harden!!!!!! A couple of more months to see some tangible results?
Throw us a contract news release already. One in 4 months does not meet the expectations communicated in presentations.....in case they are wondering why the stock in their mind offers a compelling investment valuation.