RE: WELCOME TO A NEW 52WEEK LOWDon's agree with you on Frank Rainy,
"- Frank wells, you crook, for stealing peoples money and using it to develop programs no one wants or needs,"
Problem is not one of developing programs no one wants or needs. It's been inability to complete development on programs people evidently do want. How many compnaies have we signed deals with in the past, never to deliver product to? Isn't that what the whole problem with these 6 TT/SB installations are? And why no new installations have begun. It was also the problem with the Blackberry project that final finished with us outsourcing to Openfares for a consolidator booking engine.
You presented no evidence of theft, people bought shares in this PP out of choice. You need to back up accusations of theft and crook with evidence or you yourself become guilty of slander.
Future NR's are usually overly optimistic about sales, Worst I have ever seen them commit is to lie about when systems are live, (which in my book is bad). I am not sure they haven't done it again this year.
A system is live when a customer moves it's business onto it, not when it is available for them to test / train on.
We will get to see when the 2nd and 3rd quarter accounts come out how much these 'live' systems are generating.
I can't see the outcome being anything but poor. It is taking way too long to implement systems, it is now abundantly clear to all that they do not have a handle on how much development is left to complete implemenattions or how long implemenattions take.
To predict end of year, 3 months before end of year, and still be on 9 months later is a 200% error, and by the time they are finished likely to prove at least a 300% error. So when they keep predicting future implemenations will take 3 months, No one believes them.
There is no short term prospect of income rising significantly, rollouts are taking too long.
If they don't take on the resources they need to change this, I don't see them surviving. They have lost too much face in the investment community to go cap in hand for more money unless they can prove they have turned it around, this is evident from the lack of support in the market for the SP.
Promises won't cut it, only delivered and live will. We have $300K - $480K to play with before judgement day. The $180K from walker is on 3 month call which makes it too dangerous to draw down. Bets are placed, dice are cast, just a matter of seeing where they land.
Idle
- Pat Wilson, for frankly lying to everyone out there, and putting forth a shabby effort when it comes to investor relations. We have caught you doing pretty sloppy things - remember the link to these bullboards on scs's web site? How pathetic. Its so bad, that you dont even answer the phone anymore, and filter your calls via voice mail.
- "high Risk" Rick - thanks for the effort, but I know what when you are in a tub of $h1t, its hard to come out smelling like roses."