Tonight's news of a new Chief Financial Officer means to me that they are putting the past behind them and it's full steam ahead to save this company. What's more the revenues they are going after are far less expensive to acquire and provide a major opportunity with numbers that match Hetnet's. They are on target and moving everything to make this company grow again.
When Jeff took his huge gamble with Hetnets I can see why industry experts said leave it alone. What was it four or five years he failed to find a customer? Water under the bridge. ON-Net has equal opportunity and is already making progress. It's certainly a risk but when the numbers are run for ON-Net they make for a real possibility of a total recovery. Dilution won't matter if the growth numbers are good enough. It is certainly worth a punt down here, IMO.
It's interesting that the On-Net business offers as much potential as Hetnets and although it was being marketed by them before Jeff left, it is mind boggling he didn't try it before he did. Anyway I am excited they (Philip Urso and Arthur Giftakis) can pull off a miracle. Reading the transcript of the cc it is fascinating what they said about the need (or not) to raise money.