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While a brutal dressing down of the company, I have to admit that this is one of the most nicely made decks I’ve ever seen. What is the reasoning behind them sharing this publicly, I wonder?
Increase short interest I guess? Presume they have a massive short position.
While a brutal dressing down of the company, I have to admit that this is one of the most nicely made decks I’ve ever seen. What is the reasoning behind them sharing this publicly, I wonder?
Increase short interest I guess? Presume they have a massive short position.
https://www.blackwellscap.com/pressrelease/blackwells-capita...
> Q: Is there anything about being CEO that you don’t like, that you like to delegate? > A: Finance. Our CFO does 99% of finance. I engage because I want to know how we’re doing. But to say I don’t add value to her operation is an understatement. You can also say the same with technology. Our CTO doesn’t get any help from me. I’ll go sometimes months without talking to our CTO, which as a CEO of a technology company,…
> Q: Is there anything about being CEO that you don’t like, that you like to delegate? > A: Finance. Our CFO does 99% of finance. I engage because I want to know how we’re doing. But to say I don’t add value to her operation is an understatement. You can also say the same with technology. Our CTO doesn’t get any help from me. I’ll go sometimes months without talking to our CTO, which as a CEO of a technology company,…
So many words trying to obfuscate the simple fact that “We are a treadmill maker trying to masquerade as a tech company.”
> Q: Is there anything about being CEO that you don’t like, that you like to delegate? > A: Finance. Our CFO does 99% of finance. I engage because I want to know how we’re doing. But to say I don’t add value to her operation is an understatement. You can also say the same with technology. Our CTO doesn’t get any help from me. I’ll go sometimes months without talking to our CTO, which as a CEO of a technology company,…
One might ask, if the CEO does 1% of finance, and 0% of technology, what does a CEO do? Office, HR, comms management?
So many words trying to obfuscate the simple fact that “We are a treadmill maker trying to masquerade as a tech company.”
> Q: Is there anything about being CEO that you don’t like, that you like to delegate? > A: Finance. Our CFO does 99% of finance. I engage because I want to know how we’re doing. But to say I don’t add value to her operation is an understatement. You can also say the same with technology. Our CTO doesn’t get any help from me. I’ll go sometimes months without talking to our CTO, which as a CEO of a technology company,…
Amazing. I just hope Matt Levine (of Bloomberg’s money stuff) has seen this deck today.
So many words trying to obfuscate the simple fact that “We are a treadmill maker trying to masquerade as a tech company.”
The punch line "we are not a window blinds company; we are privacy company" takes the cake!