Wireless Matrix Corporation WSMXF

Stock Price

[99921]

The fundamental problems remain. They talk about the huge potentials available in various verticals but don't project any confidence that they are going to achieve any significant breakthroughs. They have said they plan to manage conservatively and not take financial risks and losses as did the previous management but then blow $2 million through what appears to be carelessness. I sympathize with them with respect to the problems with running a tech company with potential but somehow they have to begin projecting the image of a management group that really knows what it is doing and where it is going. John Herring must do that promptly or I would expect the directors to make some changes in the near future. Idling along and eating into your backlog is not going to do the job.