Lets review the conference call from last Quarter..
Message 3547827
Here is what RP told us then. Lets see how honest he was with us..
Todd: Why is this company continuing to run as if it was a private company? You do not respond well to the questions on product sales. We're not really looking for a projection we're just trying to get a feel of where the company is. It's always like Cracker Jack, it's like at the end of the quarter we don't know what we're getting,. whether it's a profit or a loss. Is there any way that the company can guide us in a healthy direction?
Rainer: There are certainly ways to guide the public and we might implement a technique better than we have in the past. As you might know we also have new auditors on board - Grant Thornton, and we've been sitting together with them quite intensively already and we might even change the structure of our recording mechanisms in accord with our auditors to make these numbers easier and understandable because, I admit it is somewhat confusing, but we are clearly adhering to gap requirements here. I know they're not always easy to understand so Mark, Grant Thornton and us have sat together and we might change the format of that and we might also come up with a format Todd, that's guides you better into the future. But I don't want to shot from the hip today in this conference call, I think everybody today will be very pleased how we will improve our communications with the investment community and how we will guide you in regards to numbers going into the future.
Well, is everybody pleased??
Todd: One last question. What warrants you and Taylor both taking down prospectively $239.000 and $185,000 with a 16.3% increase in salary and $500 car allowance when the company continues to lose money?
Rainer: Good question. And Daniel and I already have taken the steps according and will decrease that and I think you all will be happy with our involvement in that area.
Todd: But what is the decrease?
Rainer: The decrease is quite substantial. We'll release that on our next numbers.
Any bets on this being true??
John: Good morning, I'd like to ask, can you comment on anything with John Shaw. Is he still with the company or has he left?
Rainer: John Shaw is no longer with Syncronys. In the restructuring process that Mark and Daniel talked about, we eliminated the position of VP of Communications in the Company.
That was on February 17th, yet on February 19th they put out the following news release.
biz.yahoo.com
CULVER CITY, Calif.--(BUSINESS WIRE)--Feb. 19, 1998--Leading-edge PC utility publisher, Syncronys Softcorp (OTC:SYCR - news), developer of the revolutionary Smart Files technology, announced today that it has recruited industry veteran Maurice Hamoy as its Vice President of Communications. Hamoy, with 25 years of solid success in marketing communications to his credit, will be charged with directing all public relations activities at Syncronys.
I guess the restructuring only lasted for 2 days..
As for my guess on the numbers.. Seeing as everything spewing from PR stinks, I will guess the numbers will follow that pattern.. -.18 |
