Post by
badactor on Nov 27, 2010 10:55am
Not Good
Losses mainly due to wages & compensation doesn't sit well with me. As Rome burns the insiders fail to take the appropriate measures to put out the fire through belt tightening of their own wages & compensation.But other SH's are supposed to continue to shoulder the burden. A Typical.
There is considerable doubt the corporation will be able to continue operating as a going concern (or words to that effect ) is also not a good sign although i know they put that in as a legal butt covering statement.
Little money being spent on R&D .
No consolidation mentioned which i find curious !
All in all not good but the light is still on & will remain on as long as the wages & compensation (seems) to remain managements highest priority. I'm always amazed that management of failing companies such as ACT continue to collect generous wages as Rome burns. Of course the retail SH will be left in the ashes.
Maybe i'm not being fair or totally objective but management to me should be doing more tightening of their own belts until better times. I know they are buying up the options & warrants so the money is more than likely being plowed back into the company but if wages & compensation are the key reasons for the companies losses then i think they should take a cut & live on what they have like the rest of us have to. JMO i guess management has done a decent job under the circumstances but i doubt ACT can survive without new contracts. In 3 months the last Q not one new contract. This is where the emphasis should be placed not on wages & compensation.
Comment by
hydra100 on Nov 27, 2010 11:40am
Why don't you read it before commenting?Don't tell me you have, from your posting you did not."or words to that effect"You would know the words if you looked but again you did not.