Yeah I've kind of taken a Hold-and-Pray attitude a
Post# of 4205
Posted On: 01/26/2015 1:02:43 PM
Yeah I've kind of taken a Hold-and-Pray attitude at this point, like most of us unfortunately. The problem is, we have little to no say in what is happening. Most "real" companies are tremendously focused on PPS, and the entire management team is just blowing it off like it's no big deal. It *is* a big deal. If they had kept the PPS at a decent value, then they wouldn't have had to sell every share they had available to raise the money they did. Now, no new investors can invest in NTEK unless someone else sells, and no one is selling right now except those that are manipulating the hell out of the PPS.
And while I don't hold a single HVEL, if they do the same thing there that they have done with NTEK, that one is going to tank pretty hard too. I don't claim to know what to do to fix this, but I'm reasonably certain that Jeff has no idea either, and that is a huge damn problem. You need someone running the company that knows how to address these things. Someone with the experience and knowledge to handle this kind of problem. Again, I am sure Jeff is a perfectly nice guy and ran his own business just fine. However, that said, I have no interest in my investment being the living example of the Peter Principle. Again, no offense to Jeff, but he needs to be moved into another position and a real CEO must be hired if this company has a prayer of pulling itself out of this.
Actually I am going to rescind one thing. I do know one thing that I would do differently. I would make people get their backsides in gear and deliver on all the stuff they said they were going to do, and hold people accountable to those promises. Secondly I would gag any interviews or tweets or anything discussing future innovations because that should have been a CLM for anyone else other than the founder...lucky it was the founder. Third, I would put someone in IR that actually can answer questions rather than give out snarky, non-answers to the real questions that investors have. Also I would be a hell of a lot more active on communication to those investors, and I would also proof-read that communication about 30 times before I sent it out. It obviously is going to get picked apart at this stage so I'd want to wordsmith the hell out of it and make sure there were no typos and no information that isn't one hundred percent clear. This is all from someone that has no damned clue how to be a CEO. Sorry, but: Jeff. Needs. To. Go.
And while I don't hold a single HVEL, if they do the same thing there that they have done with NTEK, that one is going to tank pretty hard too. I don't claim to know what to do to fix this, but I'm reasonably certain that Jeff has no idea either, and that is a huge damn problem. You need someone running the company that knows how to address these things. Someone with the experience and knowledge to handle this kind of problem. Again, I am sure Jeff is a perfectly nice guy and ran his own business just fine. However, that said, I have no interest in my investment being the living example of the Peter Principle. Again, no offense to Jeff, but he needs to be moved into another position and a real CEO must be hired if this company has a prayer of pulling itself out of this.
Actually I am going to rescind one thing. I do know one thing that I would do differently. I would make people get their backsides in gear and deliver on all the stuff they said they were going to do, and hold people accountable to those promises. Secondly I would gag any interviews or tweets or anything discussing future innovations because that should have been a CLM for anyone else other than the founder...lucky it was the founder. Third, I would put someone in IR that actually can answer questions rather than give out snarky, non-answers to the real questions that investors have. Also I would be a hell of a lot more active on communication to those investors, and I would also proof-read that communication about 30 times before I sent it out. It obviously is going to get picked apart at this stage so I'd want to wordsmith the hell out of it and make sure there were no typos and no information that isn't one hundred percent clear. This is all from someone that has no damned clue how to be a CEO. Sorry, but: Jeff. Needs. To. Go.
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