Hmmm.. that isa surprise! with the china price move and the 15 theater deal , one would expect an upward price move!! True, market is down yet...surprising!!
Abdi's comments about data as holy grail is another subterfuge to create some hype for the stock. Unfortunately , he is blind to the fact that he does not have any credibility to get the markets excited. Thanks to his past statements and performance , markets have realized that Abdicate is an empty windbag devoid of any substance. His words do not carry any weight and markets would like to verify before they believe him.
He got away the first time when the markets did not know . Now the markets know.
Psssstt..Abdicate is unfit for the CEO job..it is a well known fact already !! :) :) Amit Shah must be regretting his decision to back this guy at least 10 times a day ... The Ex CEO blatantly called him out on his ineptitude,
Tried telling that over and over. There are some tape defying , highly unrealistic/optimistic content being spewed on the message board. Nothing about the current mgmt indicates potential innovation and success in future. These guys are just deadweight dragging INVN down.
Best case in point, every AAPL ancillary identified in the teardown rocketed higher except INVN. It is not the downmarket yesterday as some tried to justify, it is the mgmt downdraft that is causing the spiral down!!
Yes, and the new CFO got an year worth salary by then !! I do like to think that the new CFO might be trying to better the situation!!! The deadwood needs to be removed!!
Yes. The news is out but the markets don't care about INVN. Markets are thinking that this may be the more of the same stunt Abdi pulled with other Apple deals.Look at the market reaction for stocks like AVGO , CRUS & SWKS for similar news . Everything boils down to mgmt effectiveness and credibility. These guys have none of that..
Another thing which is bothersome is, Steve Nasiri in his article on Linkedin, expressed open contempt for the current mgmt's ineptitude and alleged that there were no product innovations since he left. Also implied that the current mgmt lived off of the innovations made during his time. Nary a peep from the current mgmt in response to such a blatant insult filled allegations from EX CEO. Silence is acceptance??
EX CEO is not wet behind the ears either. He flew the coop with considerable loot after committing all the blunders which only the most inept CFO can.
We do not have the crystal ball to know for sure if the mgmt is doing things right. It is all assumptions based on our subjective evaluation. Their past record is not a great indicator either.
What we know is that mgmt lost its credibility over and over by choosing to be opaque about the Apple deal (in fact Abdi made it look it like a big win) , failed operational controls and hiding balance sheet issues until it is too late, failed guidance etc.. Ex CEO fiasco was despicable...
I do not think Steve Nasiri would have committed such fundamental mistakes and lose Market trust. He would have kept it real while taking all the steps to tranform the company...real in this context means retaining investor trust through transparency ..be it strategy or financial related.
Mgmt has no credibility whatsoever...Some middle eastern machinations got Abdi into the driver seat...prolly helped by Amit shah with all the promise of big dollar returns.....now , it is all unraveling!!
Like someone mentioned, time for Steve Nasir to comeback and resurrect INVN..
$9 Million - 366 venues and $6M dometic, 172 Venues and $3M international . The movie is receiving very good reviews from imax audience as well.
Watch W , TASR , IMAX , FEYE stocks which lost value in similar proportion and how they are recovering compared to INVN. China rout affected them but they are showing some #$%$ when the market recovered unlike INVN.
iNVN mgmt is damaged ...its capabilities are suspect..that is why.