Your'e kidding right? New clients/customers , Business's , Schools , institutions , etc. You know ,new clients the ones we were hearing about last year. I believe the word management used was, pipeline of interested parties, or something like that.
news regarding any business updates from management. Is any body else concerned by the complete lack of news regarding any new business for months now? The financial audit has nothing to do with writing new business or usage of present clients. Why is management so quiet ?
What are your thoughts on the current management team and the lack of business news for the last few months , sans the ongoing financial audit?
Press release states " the puchase price is $7 m cash and 788584 shares ". If accurrate CGIX saves over $1m + from original offer from an accounting view ? What figure is used when bringing acq. on to CGIX books ,the offer accepted at the offer or close ? With over 40% margins from acquisition appears to be an outstanding deal from CGIX perspective.
as previously announced " the purchase price is $7m cash and 788584 shares". With Pappajohn on CGIX board would not suprise me if share count is share based not dollar based. Big difference from accounting side.........
any word on, if the agreed Aqui. price regarding the share amount [ portion ] was $ based or share based? If share based this deal just got a lot better , the share price back then was in excess of double digits , I believe.
fundamentally the company APPEARS TO BE ok and the audit situation is correcting itself. Its managements handling, or lack thereof , of the companies financial and marketing sides that concerns me. I understand that the overall market is bearish but QFOR is so undervalued and nobody/thing is talking or nibbling , very unsettling , IMO.
Will management make any statement/statements prior to the stock price falling below $.10 ps ? I used the $ sign to remind myself what a management team with financial and marketing sense would have the company selling shares for. I'm seriously thinking this company has serious and severe management problems.
Comments and opinions welcome.
less than 60k , friday over 1 million. down almost 25%. Management is sure making me, and lot of stockholders , feel warm and fuzzy.............................................can't wait for monday, time to sit back and watch sunday nites game, funny two recent under achieving teams , what a life............................
how sure are you of that? management is and has been MIA. The market is full of companies with good ideas , products, etc, that have been mismanaged into oblivion , both literally and from a stockholders point. I tend to agree but Be careful.
has been acting it wouldn't surprise me if they were selling stock trying to raise money. 40+k average volume already over 650k and counting 30% haircut in one day , $.70+ to $.20 over 70% in less than 6 months. All from a growing and profitable young company in a disruptive, explosive field........Current management truly appears clueless and out of its league.
get out in front of a situation that is fast approaching a death spiral. It appears that someone/thing has picked up on their incompetence and is having some fun driving it into the ground [ it doesn't take much, a few hundred thousand $$ ]. If management was serious about growing thru aquisitions they are losing, have lost, the option of using its stock. Who is running the company ? It appears an MBA candidate from a second tier MBA program could do a better job.
and management is still M.I.A.....Volume today was 3x average and stock took a 6+% hit . From .70+ to .30 in no time , beginning to get serious . At this point management would be well served to state they gave all employees time off pending audit conclusion. Has anything new happened over the last quarter or two , perhaps someone got married , had a baby , taken a nice vacation , signed a small new contract , anything??????????
Could MO simply roll shares into new company, throw in a few bucks and own 20-25% of new entity? Helping new entity with some of the financing in the process as well as current stockholders?
They can't say anything new without releasing it. Once you have asked for a mullagan from the street only audited financials , signed contracts and the like work till you restore/reestablish confidence. Management needs to get proactive and get momentum going, less than a year or so back they were talking about so many irons in the fire, so to speak. Well whats going on?