Need to be accelerated by a factor of 4x. Not satisfactory. Head counts and a rigorous pricing model that results in bottom-line profitability cannot be delayed to full implementation over a 24-month horizon. Discontinue unprofitable contacts, release the bottom 25% of poor performing independent contractors, and bring corporate headcount below 200. But shall they? No. 99% businesses restructuring are incapable of making the tough decisions with any alacrity. The need the likes of a Walter P. Chrysler.
I have followed countless public-company restructurings....only the few that sacrificed the status with a sense of great urgency survive. Much more focus to create immediate opportunity through the above is needed.
I hope my concerns are proved unfounded. But, I have not heard what I expected. For a company that is quickly restructuring, Support Inc., ought to examine what Imation has, and is doing.
Well, I'll tell you. Having been involved in the industry for several decades, and given the nature of the offering participants, business model, etc., expect the trading common shares to move toward $8+.
Very satisfied with the progress toward design licensing.
Several suppliers testing wire for fault-limiter application; high-field magnet and MRI customers also begin qualification
Fault limiter qualification 95% completed; four to six-weeks of "tweaking" remains
750 kilometer run-rate w/current machine apparatus
Approx. $40 per meter, or $30M annualized
$13+ M capital raise, subsequent to the qtr report in expectation of working- capital needs following expected production demand
High-field magnet testing wire meets objectives
Machine upgrades made to meet requirements of 5-customers; 2 new customers request wire
Congressman addresses need for power-supply protection: Chrmn. House Committee on Homeland Security
at SCON hosted ARMA conference
SCON common shares spike higher on 5x avg. daily volume
SCON common shares leap to $1.21, as STI announces high-field magnet and fault limiter orders of several million dollars, in anticipation of full production
When driving an automobile, we generally prefer to look ahead, through the windscreen, to understand where we are traveling to, but it is a #$%$ habit that many owners of equity prefer to drive their investment decision by looking into the rear-view mirror, instead, seeing where they have been, but not understanding where they are headed. The company is moving forward, despite what has already been.
S.E.C. Disclosure Regulations do not impose any obstacle to Crestview, et. al., acquiring more Cumulus Media common shares. I, as you believe, think they shall.
You are not bound to own CMLS shares. If I do not appreciate what I own, I sell and move on. You have that choice, also. And, if you have no stake in the company shares, what you speak matters not. But, if you do own shares, and speak against the very thing you own, i.e. Cumulus Media, it really is a bit of madness.
I own the common shares and have no conflict with it; in fact, I am adding shares alongside the improvements in Cumulus.
Spoke with C. Mower last week...in late stage of toy contract. Brake-alert contracts for distribution underway, also. Should produce best sales results over the next year, since 2006.
Sensor contracts for a toy manufacturer, and truck- brake park distributors/manufacturers nearing completion. A couple months, or less, of time.
Yes, you are correct. I lent a very low assumption to provide a bit of upside excitement as the numbers reveal much greater demand than my punk assessment. Further, I fully expect a market capitalization of $200M to follow on the heels of double-digit incremental qtrly growth, that expect over the next several quarters. I see very little that stands in the way of revenue climbing to a annual run-rate of $100M over the next several qtrs. My guess, is that is only a moving target, as the nationwide introduction of Lemoncocco begins in 2017, and become the catalyst for a whole new level of growth. The company is in the early stage of very dynamic growth, and only in hindsight, will the picture become clear to me. The short of it is, the company becomes much more valuable than is known now. I enjoy watching fallen companies develop into new companies of growth, and when most of the ducks are in a row, begin to buy their securities.
I enjoyed that with Glaxo-Holdings in 1982, Clean-Harbors, in 1999-2001, Jones, and Cumulus, now. I feel very comfortable with Jones; not as certain, yet, with Cumulus. But, Cumulus is very underappreciated, even should material results fall a bit short of expectations with the newly installed CEO. On a free-cash-flow basis, the common shares should trade around $3, not $.30. And, Crestview Radio Partners holding 30% of the common shares, and being instrumental in Clear Channel Communications developments over the past 6-7 years, is a great ally to foment change at Cumulus, as they have already begun to do. Anyhow, glad that you recognize the potential for growth at Jones.
There are 8,000 stores in the USA, 58,000+ worldwide. Do the math on 80% penetration ......expected over the next 3-4 months.This initiative has been underway for the past 18-months, and is a 7-11 corporate sponsored program.
Despite not having the benefit of the 7-11 contract, nor the lemoncocco product distribution, the company's sales grew by 10% y-o-y. Roll-out of 7-11 products is commencing, (hence, the use of addt'l revolver credit to accommodate 7-11 ramp-up). I expect to see a run-rate of approx. 25,000 to 60,000 cases monthly to participating 7-11 stores as the program reaches full-implementation this calendar year. Lemoncocco should produce significant revenue as regional distribution is fully underway this year, also, while fountain sales continues to be implemented through a number of regional locations.
Loss from operations was $438,000, vs $699,000 in the same qtr last year; Operating expense decreased to $939,000 from $1,100,000 in the year ago qtr.
A successful roll-out of the 7-Select brands could conceivably add $20-$30 million in gross revenue, on top of the current run-rate of $13.5 million. Lemoncocco's prospects for significant revenue is real, but difficult to ascertain at the moment. It will be rolled-out in Seattle, S.F., L.A. Chicago, and N.Y. over the next few months. The test marketing this past summer was very well received, and so is the opportunity for high gross margin in this product. My hunch, is that Lemoncocco will become more significant than the 7-11 program, over time. Fountain product is in a few regional distributors hands,(Chicago, NJ, etc) and a few restaurants in the West, but awaits major distribution through chain-store locations. An event is planned at the annual restaurant exhibitors show.
Even the new website design has led to greater online sales.
The company is in greater financial and operating form than it has been in the past ten-years, with blue skies ahead.
I expect the common-shares to quickly approach the $1 mark, and witness near, or at $2, sometime calendar 2016, moving lockstep with sales.
It takes some time to get all the ducks lined up n a row, but I can assure you that it is happening. Watch for lemoncocco to meet with the same distribution over the summer months.