Presenting at the conference is not a worry, this is a good thing.
The issue is the fact the CEO is being paid an exorbitant amount for working part-time and on top of that charging the company a fortune in related party work that should be provided by companies independent from him. Him and Ting need to be replaced with experienced FULL-TIME management (i.e good tech execs and sales execs not more glorified accountants).
If they exhibited any form cost-control they would have had the free cash to manufacture more lockers to satisfy the supposed demand. Instead they keep coming cap-in-hand after signing new contracts repeatedly.
For the past 4 years it has been plain that we make good progress when the CEO is actually working, and then it all falls apart when he goes off to film his tv show/ write financial columns/ promote YBR.
How about they sniff around for a new CEO at this conference, since these guys have the experience and contacts lacking presently.
TZL Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
