RE:RE:RE:20 Million Ex CashWho knows where Siggy iS... It still appears to be the the "Gilles Gagnon Show". Names are announced by way of press releases and we see no evidence of them.
We keep citing minimums so I had to share this thought - inference - as that is all we can do with this one-man clown show.
Apparently as has been stated by Gagnon, there are minimum quantities that Symrise, Ceapro’s only source of revenue, is contracted to purchase. He has not told us what those minimums are so we are left to infer, as each quarter plumbs a new depth, what they are.
At this point, we know the minimum is below $1,750,000 per quarter or $7,000,000 PER YEAR… at MOST.
Relative to 2022’s record year of $18,839,000 of revenue, $7,000,000 in revenue would represent a 63% drop in annual revenue.
What kind of fool puts out a press release announcing the extension of a lousy contract days before announcing one of the worst quarters… and the 3rd quarter in a row posting a loss?! Talk about rearranging the deck chairs on the Titanic.
It is actually insulting.
This odd behavior begs some questions:
- What on earth made Gagnon think extending the contract was newsworthy?
- What is the point of extending a lousy contract? (See minimums point above)
- Why was Gilles Gagnon spending time extending a lousy contract when, MONTHS AGO, he knew revenues for Q2 were dismal?
- How was this an effective use of Gilles Gagnon, CEO MBA’s time?
- What is the guidance on Q3 now that we are 2/3s of the way through it?
Gilles Gagnon is an arrogant liar. After saying the same things over and over again with the only difference being timelines pushed out, that IS lying.
Chris Hitchens once said, “A good liar must have a good memory.” As Ciao pointed-out last week, Gagnon is not keeping track of his lies; he constantly regurgitates milestones, merely changing the dates to be further ou
THE BORED OF DIRECTORS
I reiterate from my last post; the board is getting free money… to the tune of $467,000 for 6 months.
$120,000 for each:
- Ronnie Miller
- Dr. William Li
- Dr. Ulrich Kosciessa and,
- Genevieve Foster
FOR WHAT?!!