-
Executive voluntary departure
-
Continued layoffs
-
Financial issues
-
Departing shareholders (Warburg)
-
VA funding issues
-
Increasing competition
What's your estimate on how much longer this company will be around?
3 replies (most recent on top)
It could be a very long time. The VA funding is huge. And so is the support from Warburg. At this point, BPI does have a backer in DC, Robert Eitel.
It will only be a matter of weeks/months. The company is hemorrhaging cash (pace of $150M/semester). We're talking a 6 month cash loss equivalent to over half its market cap. Andrew Clark and management only care about the personal $ and gratification (check out how he's selling his stock before the ship sinks).
Gone within a year or the company will be bought out Andrew clark and the rest of the goonied will get super rich while we all suffer