To be sure there seems to be a slight lack of focus in the mental faculties of the great WP and obviously the rest of his merry men , i hate to be the one to mention it but one of the pillars of a successful business is , PROFIT .
No better rephrase that so WP does not get confused because obviously successful businesses are built by hard working focused intelligent insightful driven teams of individuals only too pleased to sacrifice their personal wealth and time to promote the greater good of the company and stake holders. So lets get this straight for Old WP so he gets it clear and simple, the only pillar that really counts in a business is Profit, You see eventually if you make no money the insatiable appetite of bankruptcy await.
Cearly the goal of code red was good, the sales pitch was effective , the product seemed beneficial and useful but now we are at this end of the business plan , code red has faltered and it calls into question the quality of the initial assumptions used to develop the plan. Not only that but the outcome exposes the lack on the part of the AHZ team to implement the code red plan, or perhaps even exposes the underlying dearth of effort in constructing code red. Was it all just a dreamy sales pitch ? Normally a mining company will carry out a bankable feasibility study before they get finance for a new mine or embark on a project, this is a very rigorous analysis of the project, construction planning marketing, sales projections etc, that ultimately comes up with a life of mine and income over that period. Code red seems to have been nothing of the sort, perhaps just guesswork and hoping in the blue sky.
So what of the future , the next quarterly report will be do or die, WPs expensive sales team have failed to live up to the WP dream , WP seems incapable of bringing the promised value of a big Phama exec to the table and the rest of the board seem completely inept. Sorry if that seems a little harsh but the last Qtly reported sales were pathetic , there has been no news since then of expanding markets or doubling or tripling of sales which we need to get momentum, just this silly recapitalisation noise, is that all WP thinks about all day how to scab some more cash off the shareholders to pay his wages or borrow cash at silly rates. He needs to be out there 24/7 selling this stuff promoting the cause building the empire but it seems clear he is incapable of performing.
I would suggest doing these things,
1, Keep the infusion business and continue to build it as it is now making cash , not like WP.
2, Analyse all management and work out who are capable of building the company and who are just seat warmers , retain the good and remove the others.
2. Reduce all management wages to a level commensurate with the companies income if they complain about a 75% wage cut let them walk..
3. Increase the price of the product to ensure overheads are met.
4. Put all sales staff on commission only remuneration, if they cant sell anything they will not get paid and we will only retain capable sales staff.
5. Remove all board members who voted in favour of WPs remuneration package.
6. Reset board member remuneration to the minimum $40000.00 Per annum with share based bonuses at milestone achievements. In that way if they share in the success of the company. at the moment they are just fleecing us.
7. Stop dreaming of being a multinational company over night, retreat to core profitable markets and expand at a measured and financially achievable pace.
8. Most importantly find someone who has a solid track record about building this sort of company, clearly the current BOD and their chosen one WP have not a clue. imho
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