Well said.

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bananafarm

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23/02/21

14:20

Post #: 51249451
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Originally posted by CaymanCeltic: ↑

Interesting responses and insights to a simple post.

I have mentioned in the past that the only reason I’m still in JCS is for Riyo, more specifically the Epicor relationship which is behind the ‘global’ talk JCS are discussing. Yes, there are a few beta Riyo testing out in the market but Epicor will hopefully change the company and assist it’s growth.
Outside of this the company, specifically the old guard, for being mainly financial backgrounds really are atrocious when it comes to balancing the books with JCurve when it comes to NPAT, spending more than they make. If it wasn’t for Riyo (Epicor) and it potential then it would be a dead duck.
Their public posts on social media platforms where not bad but only provided lots of irony how they were promoting/marketing clients on how to improve,increase cash, processes and build their business when they are loosing money themselves. Watching these individual companies improve of the back of our expertise whilst we stand still baffles.

Fortunately it’s not a dead duck but still concerning on the deck chair shuffle as Hoofa calls it takes place but is seen as a good thing by some . Apart from being the largest shareholder the Chairman doesn’t have much of a track record with exception of time and contacts in Asia.

The deck chair shuffle pretty much is what it is from what I can see since there has been an internal revolt from the young team who did all the hard work getting the sales up the last 12 months under COVID conditions (and previously) decide to leave whilst the COO,CEO, CFO & Chairman do more of the same until it’s too late.

It says something when your CMO who has been with the company many years resigns during a pandemic without a job to go to and others quickly are promoted only to leave months later.

Kate Massey CMO - Resigned Sept.

Pat Turner BDM Riyo - resigns Oct. ( Pat was the one who secured Epicor )

Peter Choo - Riyo Product Director, shuffled to JCurve Solutions Director in Sept then resigns in Jan.

Allan O’Donnell - Head of Digital Marketing resigned in Dec.

Hopefully this forced reshuffle is more than just that and they are able to fill the vacuum and build the “ unique culture” the CEO keeps going on about which clearly is taking a dive.

Im still positive but realistic on the company and it’s current limitations and also it’s big potential.

Everyone is making money except the shareholders.

CC

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Well said.

JCS Price at posting: 4.1¢ Sentiment: Buy Disclosure: Held
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Well said.

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Well said.

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