RE: Nasdaq Listings...Well, there are two explanations for why a new VP Finance has been hired. One, offered by the sceptics on this thread, is that that the ATQ boys are stupid. They are creating more financial burden without ability to pay. Based on this theory, if as one poster suggests there is no money to pay the new appointee, he too mustn't be very smart because he will get his compensation in options or stock in a company without any prospects of success. The other is that things are going well, very well and ATQ needs the services of a sophisticated accountant to manage their growth. I think the first explantion doesn't hold water, despite the historic struggles by ATQ. Not only has revenue been improving, not only was ATQ able to borrow money for its last acquisition, not only has ATQ's fortunes been improving with the rest of the industry, but if you have a look at the Board of Directors, they have some pretty respectable and accomplished members, many of which are relatively new. In particular, I would suggest you have a look at the biography of Board of Director member William (Bill) J. McClean. Here is what it says about him.
As Vice-President, Manufacturing, Development and Marketing Operations of IBM Canada, Mr. McClean is responsible for Manufacturing and Development operations in Canada. He is also responsible for a number of Sales and Services operations including IBM Canada real estate, distribution, procurement, communications, microelectronics and OEM sales, IT and the Chief Privacy Office. Mr. McClean was the chairman of electronics manufacturing services company Celestica during the time that it was incorporated within IBM as a wholly-owned subsidiary. Externally, Mr. McClean is on the Prime Minister’s Advisory Council on Science and Technology, is a member of the Canadian Microelectronics Corporation, is on the Board of Governors of the National Quality Institute and is a member of the Advisory Committee of the Ontario Centres of Excellence. Bill is the Vice-Chairman of the Canadian National Institute for the Blind Capital Campaign. He is also on the Boards of Primaxis Technology Ventures, SAMSys Technologies Inc. (SMY: TSX-V) and CIMTEK Automation Systems Inc. Mr. McClean received a Bachelor of Science Degree in Industrial Engineering from the University of Toronto and a Masters in Business Administration from the University of Toronto.
Sorry, I can't see somebody of Mr. McClean's stature hanging in with a bunch of incompetents. The next set of financials will probably give us a much better idea of whether the sceptics are right or the optomists.