Frankly FRNKF

Sometimes you just have to give your head a shake

[Hunter747]

I just looked at their deck for the first time in a year. Beautiful forward thinking technology but very complex. Why position in the top right quatrant when you are losing this kind of money. Complete arrogance or managing with blinders. I thought the purpose of a business is to make money. There is either no demand for the solution (if anyone is an expert in the field and can explain why please do) or they were just completely incompetent at selling. When the nine guys who make up the leadership team get together in the boardroom what do you think they talk about. Do they slap each other on the back and say good job. Is there any accountability to create a profitable business or do they just talk about really cool technology that the advertising and media community may need in 5 year. I would really like to be a fly on the wall in a senior management meeting. How do they self justify the complete lack of business execution leading to lawsuits, failed listings and pathetic organic growth. It would also be fun to take a day and really understand the complete P & L of this one. It would probably be a labyrinth of business indulgence and stupidity (by really smart people with lots of degrees from top schools). Is this company be used to subsidize the needs of Raycom?  I really don’t get it at all.

At this point I look forward to whatever the outcome of the strategic analysis is or the removal of the leadership team. Please just make it go away by the end of the year.

[lscfa]

Here's an exercise I've been meaning to do. Get the financials of the acquired co. WorldNow which was making 25% ebitda margins and compare that to the merged co.'s 5% margins and see how the current CEO fcuked this up.