Tuesday, August 16, 2005
C-Chip Technologies (MANS)
The company recently announced for the quarter ending March 2005 that they had:
One of these things doesn't belong here and I'd say it's the last one. Focus means not doing a lot of things so that you do a few things better. Maybe if they buy enough other businesses, their own losses will be harder to see:
- Purchased an Asset Management Solution;
- Acquired Chartrand Laframboise Inc (CLI), a leader investigative services in Canada;
- Purchased Avensys Inc (Avensys), a leader in monitoring solutions for environmental conditions, including air, soil, and water as well as buildings and infrastructures;
- Clearer focus toward becoming a leader in the security business and the broader risk management industry.
Our net loss for the three and nine months ended March 31, 2005 was $1,707,825 and $2,987,908 compared to $698,027 and $3,009,759 for the same period last year.Those who can't do, acquire someone who can and then [mis]manage them.
And when times get tough, the tough change their name.
They should have adopted this company's more blatant mission statement:
Cell Bio-Systems, Inc. (the "Company" or "CBIO") was incorporated as First India Diversified Holdings, Inc.... to engage in any lawful corporate activity, including, but not limited to, selected mergers and acquisitions.Focus! It's all... about... focus!