take a look at her last company, LINK. Avg trading volume is under 500 shares per day. The bid is $10 and the ask is $11. So less than $5000 trades per day. Revenue for the year is what CDTI does in 1 quarter. She lasted almost exactly one year to the day. Probably got word her review was not going to be good and took something close to home. LINK is a Pink Sheet stock, so maybe they wanted someone with experience for when they get delisted (LOL). Her pay at LINK was only $92K so she doubled her pay coming to CDTI
Not a mover and a shaker by any means. What person takes a CFO role for $92K? Kids out of school can make more than that
because their is pending legal action by the IRS against them. No one will sign on until that is put to bed. To be technical, you need to subtract out the negative shareholder equity which takes AP/AR etc into consideration and is another $1M in the hole to unwind.
As far as the motives of new CFO, who knows. Maybe she was unemployed
also think 750K is out of reach as we were at 484K after 2 months. Have done 34K so far in June. I don't see a 266K month in June. Overall, I would guess we will end up 100K coins less than the prior record quarter but cards will be up to a new record. Revenue depends on the mix between moderns/vintage coins in the quarter. It looks like the 100K less coins will come mostly from Modern which have lower avg ticket price. This is shaping up to be a stellar quarter
if they add to cash when hey report in August, then the fear of a dividend cut will go away and the stock can move back to $25. Fair value now based on current available news is $20.
71c ??? highly doubtful. Lucky if you get 1X-2X sales. Sales without Honda are $20M. so at most $40M. Subtract out $12M in debt, $1M in IRS money due
I think they have finally put the company up for sale, that is why they have lowered severance. Newco does not want all that cost. So what price? Probably lower than you would think
Shea gets 5 months severance of $72K + 1 month transition of $14K. New CFO gets $200K pay plus 50% bonus plus only 50K stock options but only 6 months severance. CEO severance reduced to 6 months from 1 year. So they are lowering the costs to unwind the company. New salary is not terrible. $72K wasted on severance
Company has until end of month to enter into transaction to cure equity shortage. The clock is ticking. Why would they hire new CFO in such a crucial time?
what? The company has a GOING CONCERN, 30-60 days worth of cash left, $4.1M due mid-august to a creditor, the CFO just quit or was fired, imminent delisting, declining sales, loss of largest customer, DEATH SPIRAL, imminent reverse split, and they compete against giants.
If this isn't rock bottom, I'd hate to see what could be worse
and the market cut the stock in half after that stupid proclamation as no one, besides some rubes here, believed him. The company has like 2 1/2 months now before they get forced into BK over the $4.1M in debt due
Company gets delisted and trades below 10c. Losses continue to mount while company does more and more dilutive financings at $1M or $2M per pop. This can continue for years and the company goes no where. In the meantime, the musical chairs game of CEOs/CFOs will continue
except without Honda, revenue is less than $5M/qtr. For some reason, you keep putting that out of your head. That business line is gone.
I'll be yelling when I see the severance to Shea was over $200K and this new gal is getting paid over $250K.
so aside from Opdivo, which will be an $18B/yr drug in 2020, they have nothing. You are a classic sociopath. Seek professional help loser
why would someone put $5M in? They have no path to profitability. It just gets them 6-8 more months of nothing...declining sales and more losses.
Why would this woman join? Easy, she probably gets a large paycheck and severance. Every time there is a no hire/fire, the exiting person collects their severance. So each is like a mini-Death Spiral in that it weakens the company's prospects. Unwinding this company just got more expensive with a new hire while the fired guy gets to walk away with severance.
A real plan would pare costs and reduce overhead. A company doing $40M in sales should have 50 people max, not over 100