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09:01
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Originally posted by asparagii
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Had a look over the weekend. Burgo seems to be doing a good job - namely 'right-sizing' the business. He calls it "OneQuickstep" - however much of it seems like common sense and Business 101 to me. Not being critical of him - far from it - was high time that someone took the reins and tried to get QHL's costs under control and focus on where / how they want to grow. In hindsight, I am quite critical of the previous management - they let the Co. bleed cash for too long and QHL appeared somewhat rudderless. But it's always easy with hindsight....
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On Cash remember the deferred cash statement from the quarterly of $2.4 Million which will be paid in this Quarter. Also I think the Directors Blackout period might be over so I wonder if they will recommence buying to get even more skin in the game.
