$20M for VS would be sad but it will an amazing help for ETAK. Yes, they can pay majority of the loan, not all is needed, to bring them into compliance, and the rest is for opex and capex to bring on new business. BUT we might even get $20M for it in our weak position. If SVV can continue to help with cash until these new business get ramped up then it will be beneficial for him and the company.
LOL!!! LVLT is etak competitor!! Now that is the funniest thing I have heard in a long time. Not only did you get the WRONG company to pretend to be a competitor but you missed the ENTIRE SECTOR!!! Stupid turd....LVLT is a long distance backbone carrier...as fiber optic bandwidth...a whole seller to ILECs, Government, and private corporation sector. How I know this??? Because I worked for them for a short time before working for their competitor Qwest Communications for 15 years! Now make up another fairy tale dip stick.
If we can get a couple moves right and get us past BE and FCF positive than selling it would be foolish at couple of dollars. As Turner mentioned and Iusacell aside which was special situation when we get MVNO's on this platform there is really no churn to worry about. So if we become profitable by next year and can sustain ourselves than with proper sales team and organization there is no reason that we could not grow fast organically and become a cash cow like most telecom operators. This company will be very profitable at 5M subs and anything above that will be cream on top. With over 800 opportunities out there I am confident that with proper management we can capture a nice chuck of that in coming years.
Yes agree. If he can bring us to EBITA BE without additional revenue then he has done magic. But with these two new contracts I don't think he can cut too deep on personal overhead as we need them on deployment projects for VZ and Brazil. Bottom line is we need cash...I hope his connection with capital markets can help get there.
First hopefully he can get our financial house in order! The Brazilian contract must have a NRC associated to it. I am not sure he got that in yet but that will help somewhat Until we get some sims from VZ.
ETAK turn around will take about 12 months approximately in my opinion and will end up costing us a few million additional dilution pending VS. I more I learn about Turner, dubbed turnaround king, the more I feel at ease that going forward there is a true leadership that will focus on cost and that has a deep understanding of developing a sales organization that can take a leading product like our platform and monetize it. This is all about sales now and execution. Unfortunately SVV's was not smart enough to realize that he can not the be the only sales person to deal with the tremendous opportunity that exists out there. He did not delegate that task and it cost himself and us dearly. I hope that he can be now wise enough to see what Turner will do in short term and support him with his deep pockets to get this company back on its feet which will benefit him more than anyone else.
There is no use anymore to really pass back and forth insult here. Our fortune is tide to Turner and Payne. Lets given them a couple of Qs time to get the Titanic turned around. I have full confidence now that it will happen with a little more pain to endure. Remember that we only need about 10 subs to be nicely profitable here. Anything else will be growth engine. Maybe Turner can get Zain, Vodafone, and VZ to open up faster to us than SVV with new sense of trust.
He did the smart thing to cut it short. He was in no position to address most of these questions. However, give Tuner a Q and see how much improvement he will do for this company. His mythology is refreshing and he is really good at organizing the company to be efficient. He has done this before and if he can quickly implement some cost cutting for the remainder of the year than we can probably make another Q before hit cash bottom. BK is not in the cards even if he has to raise expensive money but I hate being at this situation.
They need to raise money. If they can find a way for VS to be monetized than they will. We will know by the end of year...
I love sales guys that have a rock star records and worked up the latter...they are go getters and that's what we need! Who knows...maybe with Turner's deep connection and trust and Tim's proven sales record we can crack some of these pipeline opportunities.
He knows he is not wanted here.....I am glad he recognized it and was willing to step down and away. I am interested to see what happened with Brazil. Did they get any NRC on signing and couldn't recognize it in time or received it after the Q close. Either way, I am glad that we are on our way with a more solid team even with the "interim" tag looming. Sometimes it only takes a new trusted voice to get a deal across which seems where we are currently with the 8 VZ MVNO's and new leads as they say.
Change is and was definitely needed here. Thank god we have past that stage now. First thing this 2 need to do is to get rid of the CFO! We need a U.S experienced CFO that knows the Wall Street and its ways. NO MORE DELAYED REPORTS!!
I am not sure if they are doing this in stages or if they are actually looking for another candidate for CEO but Turner is the kind of experience and connections that we are looking for!! This is amazing. I know him from my dealings with ATT. Hid depth in the industry is very deep! Either way he will open up some serious roads for ETAK. I wonder now what the shorties will complain about.
lol...I know we are! Just stating an opinion....I rather spin off than sold....better for shareholders who believe in the division and want ownership of it after divestiture.
There is no doubt in my mind that VS has a huge potential very much like ETAK. However, if its giving time under Paul to achieve that potential. I am not sure if Paul has a say in this decision or even pushing on it but my point is it should be done at proper timing and under no financial pressure like now. IMO, given this 2 ETAK wins and enough time the financial pressure will be lifted by Q1 or end of it. At such time we can work on a spin off deal that keeps ETAK shareholders still vested in the new company. That is the ideal situation for us and the company.
VS sale is a big mistake at this time...it would be from complete desperation rather than point of strength. VS has a huge potential if the company was fully funded and was able to put more boots on the ground to increase sales and further develop the division.