Appears your Art and Racom's Art are one and the same. Looks like your skiing buddy is coming back. How about it? I'm for giving Art a chance to prove himself. On paper, he seems a kick-ass kind of guy!
At last we have a sense of direction. Art was chosen to "formulate and develop new product and partnership initiatives" and to "lead Racom in meeting aggressive goals". Mighty fine words, but as you so apply have stated, "Del dicho al hecho hay un gran trecho".
With hiring Art, I'd say Racom wants the whole "enchilada". To do that, they'll need money; hence the proxy to increase authorized shares, etc.
It is very important how Racom chooses to use these shares and their distribution will say much about Racom's technology and it future prospects. If Racom holds promise, it could get an equity placement from an alliance partner -- someone who not only is willing to invest in Racom but someone who could open doors for Racom sales in addition. There are a number of companies like this, I wouldn't rule out MOT, STM, HIT, BULL or HP to name a few. This would be the best case scenario for Racom and its wee investors. (Recall, Racom's last equity placement, or IPO, went for $4.75/shr plus warrant).
I'm also wondering if Ramtron wouldn't be putting more money into Racom, just to maintain control. On second thought, the way Ramtron is going, Racom could buy Ramtron, kick a little butt and become the Mother of all FRAM. Now there is a thought worth entertaining.
The next best thing, would be for Racom to go to some venture capitalist. Like El Dorado Ventures #reply-5443337. Recall, Hoyem, who headed VeriFone's efforts in Internet payments recently joined El Dorado Ventures #reply-5419378. He understands what Racom is about and since people generally draw on the past when building the future, this is a potential source of capital that can't be ruled out at this time.
Of course, the worse case scenario would be to drop trou' for Capello and his cohorts.
Anyway, Hinds has set forth a broad directive. I'd like to know more about those aggressive goals. I mean, if we don't know the goals, how will we know when we get there. |
