quote:
--------------------------------------------------------------------------------
Originally posted by iBill-Cathy
All-Here are the facts:
-Garrett has resigned to pursue other entrepreneurial opportunities
-John Perry will resume day to day management
-John has 20+ experience in the banking industry (Wells Fargo, First Data, Nova) and with the card associations
-John will be at the iBill facility 3 to 4 days a week and is available 24X7
-Garrett will support the transition of day to day operations to John Perry
-Intercept is committed to iBill and helping us grow our business
-iBill continues to be profitable and has a growing revenue base
-There are no other planned management changes
Cathy
--------------------------------------------------------------------------------
Cathy,
Your facts leave open alot of questions:
-How can John Perry be expected to run IBILL day to day operations competently if he is off to Atlanta every week and has at best a 60-80% time in office? Especially since he is taking control of something that took years of fulltime work for Garrett to get a good handle on? Every company that I have ever seen that has absentee leadership suffers greatly, and it can only be pulled off by leadership that knows completely the ins and outs of the business. John Perry does NOT know the ins and outs yet, no way. You speak of 20 years but he has less than 6 weeks experience working with the high risk portfolio that the adult market is. He is unproven and more to the point he brings with him agendas from the Intercept mothership that are unknown.
-Is Intercept's management committed to the adult market? Or, are we just something that they would like to keep hush hush so that the institutional investors wont bail out and push Intercept's stock to levels where they would be in violation of their debt covenants and looking at Chapter 11? Everything seems to point to that Intercept wants to grow the Weather Channel type business and not the adult market. Listening to their press conference, John Collins seemed extremely less than enthusiastic over the adult portion of the IBILL business.
__________________
www.score-cash.com
The SCORE Group
#1 in big boobs since 1992!