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Yonker moves like a snail

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Everything major thing he's been asked to do the last 4 years by my recollection has been late. Now he is still trying to hire a major accounting position to remediate material weaknesses 4.5 years after their problems came to light. There has been a Director of Finance position on their website for several months. My guess is THAT until it is filled, they won't be able to demonstrate how they've remediated these "deficiencies" which they need to do for relisting. How long could it possibly take to fill it? There have to be dozens of qualified candidates out there in this economy. What a joke Yonker is. They need to find a real CFO (to go along with a real CEO). Are you listening Eddie Rogas? Hello Eddie, are you awake? Are you alive? Can't you see this? DO SOMETHING FOR GOD'S SAKE OR RESIGN AS CHAIRMAN.

Posted by sharpinvestments - 15 years ago

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There is a Reuters report out this morning that PMCS may be buying a company called Wintegra in the $250-300 million range. Anyone ever heard of them? This is one reason I hope LMS is incorrect on BH'er intentions......as even a sale in the $9-$10 range allows them to double their money NOW, as opposed to hoping the corrupt losers that have run the company's share price and reputation into the ground will somehow change their spots and act in an upfront, competent and honorable manner.

If there is one item here that we can be sure of, we can depend on the scum sucking Fast Eddie Rogas to do his worst.

Posted by altrfan - 15 years ago

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http://www.vitesse.com/careers/employment.php?job_code=3613

And here we stand on 10/17 with the job still posted, as the snail and his fellow charlatan continue to impress us.

Posted by sharpinvestments - 15 years ago

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Here is a board that decided to act against their charlatan CEO and CFO

http://finance.yahoo.com/news/Primus-Telecommunications-iw-557993238.html?x=0&.v=1

Posted by sharpinvestments - 15 years ago

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http://www.vitesse.com/careers/employment.php?job_code=3613

And here we sit, another 2 weeks gone by, and Yonker the snail still hasn't made any progress filling this key accounting position. What the f*ck is wrong with him??

Posted by sharpinvestments - 15 years ago

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I trust they are close to solving this Material matter, but are looking for a specialist to make sure it never happens again.
that is correct, right yonk????

Posted by GARIF - 15 years ago

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I am all for this to get resolved sooner the better but am wondering why Yonker is such an indespensible employee. Up until now he has not shown any knowledge in the financial aspects of running a company. Unless maybe he is just a physical facade with the shots being called by another element of this shoddily run company.

Posted by christ3opher - 15 years ago

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Maybe Yonker not doing the hiring for this position (Director of Finance)? Maybe board doing the hiring to find Yonker's eventual replacement? One thing is for sure, if Yonker has been in charge, it will be late, and there will be excuses.

Posted by sharpinvestments - 15 years ago

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Just a note here that MSPD will be reporting their 4th quarter and 2010 fiscal year results on November 1st......will they report before Vitesse even announces a date? Probably.....

A note on the Yonkster, we all know he walked into an unreal clusterfark situation, had to start from scratch, and rebuild from the ground up. No fun. On the other hand he had millions of dollars at his disposal to spend on doing the job and the ability to hire his own people.

In addition, anyone who has ever gone into a new job or department that has problems knows that there are existing procedures and employees with a mindset that "We have always done it this way" and that trying to change it from the inside can be extremely difficult.

Yonker most definitely DID NOT have this problem to deal with as there wasn't a single person at Vitesse who could say with a straight face that the accounting department at Vitesse wasn't an unmitigated disaster.

Apparently, Yonker has been an upgrade only to the extent we can take out the word 'unmitigated'.......disaster still applies.

Posted by altrfan - 15 years ago | Updated 15 years ago

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