Close of Second Quarter and Open of Third Quarter Institutional Window Dressing
If you know the right someone at Yahoo, activation transferal from WLCDF to LACDF probably takes less than a minute with a few keyboard strokes, otherwise it is impossible to communicate with this company.
The stock is trading at bankruptcy levels but the news being issued is that of a healthy company. The products are valuable, but sales are not good. Debt is a problem and an infusion of cash is only of value if the interim CEO can right the ship or find a strategics partner or facilitate a merger. A suitor that is a cash cow can easily move in and save a ton of money if the products are attractive. Run the numbers if it is possible on the total amount that it cost for the development of every product that the company has, including the costs to other companies and their shelf offerings and the numbers have to be staggering.
Some applicants for a position who become an immediate or eventual disappointment after being hired, looked good on paper. Former associates and employer representatives who are contacted during the hiring process usually gloss things over or hesitate to say anything potentially damaging or revealing in order to avoid any possible legal repercussions.
Anything significant or monumental would be handled in a forthright manner and not as something surprisingly added to a meeting. I think that the prior CEO was possibly incompetent and unprofessional, and I am saying this while being professional and respectful to the company current management who are not interested in focusing on the past failures with unproductive negativity. Looking at news and actions in motion, I think accounting issues need to be addressed and clarified. Concerns from common sense nuts and bolts issues to a need of a visionary outlook are being put in place. Marketing is an issue and sales representatives' morale appears to be low in some instances and there is a great need of rebuilding confidence, so that employees have an allegiance to the company and are motivated to be productive. The tone is established at the top, but there was probably neglect, to say the least. All is well now and as well as it can be considering the situation and I am hoping that success in reviving profitability is achieved as soon as is possible.