Im not missing anything bud they signed a contract that increased their revenue immensely but costs so much it has hurt operating margins from the business they already had. They are doing double this business to make significantly less money every quarter which is the only reason institutions are interested in this #$%$ show to begin with. Fire everyone bring back clinton group and take this dumpster fire private at 20
I mean i guess it is a 9% dividend raise and 1.5 million for them to pay out but a penny it is a penny. moving in on 150 mill in cash i would say time for another special dividend but that would prolly cost another half mill for them to sort out more options awards that have given themselves because they might have lost a few thousand dollars worth of options will causing 900 million worth of destructive shareholder value at one point. Management destroyed the company Clinton group rescused it and money changed hands but it is the same share price it was 5 years ago.
My mistake thought he was from t mobile. It has been a c suite giveaway since he got there i get sec filings it seems weekly with more option grants. Not good when you can't score your old boss contract. Slash it to the core and take it private at 25 then they can steal all they want
Nothing like doing more work to make less money great strategy. Brought in a guy from T mobile who immediately gave away keys to them in contract purported to be beneficial to iqnt shareholders but all it has done is do work for t mobile for free. Bring back clinton group.