VMob / Plexure Head Office is in San Francisco.
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VMob / Plexure Head Office is in San Francisco.
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the notice of resignation was labelled (https://www.nzx.com/companies/VML/announcements/285645)"Change of Senior Manager"
Using the word "change" implies that there is a replacement in place - ( eg: someone left and someone has replaced them. )
This is not a change in Senior Manager - that is a resignation and should be correctly labelled as such.
Now we can only speculate as to why Stephen Davies resigned- there were no reasons given at all in the announcement.
here is an example from SKC - very similar format but correctly labelled as a resignation also a reason for leaving was given.
https://www.nzx.com/companies/SKC/announcements/285701
Baa Baa - Vmob or more appropriately, backdoor listed PleXXXure along with its sister company from the same stable, Snakk will be subjected to greater skepticism and scrutiny simply because they were brought to the market when there was hype which allowed them to backdoor list.
Very unsatisfactory to have 3 CFOs in less than 2 years - better explanation from company is required but please do not hold your breath.
If it has only recently been decided to base the finance unit in SF, then a likely underlying issue for Stephen will have been obtaining a work visa. It's almost impossible, unless you have worked outside of the USA for the parent company for a continuous 12 months prior to entry, or you are Australian. Stephen is not an Australian. There are green card options (again, nearly impossible to obtain on a timely basis) or the Company needs to prove to Immigration that no-one already resident in the USA can fill the role. I personally have been through this process. The pragmatic outcome was, and is usually, a parting of the ways.
Seems like deja vu, all over again :cool:
This just doesn't make sense to me. If they really are basing the finance unit in SF, why didn't they think about this when they were hiring Stephen. They only hired him in February! Five months ago.
And if the visa really is the problem, can they not wait another 7 months and then apply for the visa?
I feel like any way I look at the visa situation, it makes VMob look incompetent if true. Hire a CFO and then drastically change the working conditions a few months later?
It seems much more likely to me that the hire just hasn't worked out (for whatever reason).
Have you noticed the prominent Microsoft advertising on the latest high quality marketing videos? I think we can guess whose contributing to funding the rebranding and new marketing materials.
http://www.plexure.com - check out the videos, especially the 'Customer Experience' one which refers to the business results they're getting with IKEA.
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Join the dots on this.
I bet Microsoft don't give a diddly how VML got listed, or even that the reverse listing shareholders are gone, or anything really except VMob/Plexure are rapidly growing revenue and becoming a cornerstone product in the Microsoft large retail customer offerings and a front runner in the Internet of Things.
Microsoft permits and allows any number of firms (big, small, successful or otherwise) in the world using its software and services to co-brand and co-advertise. IBM likewise.
Even in little ole NZ.
https://www.microsoft.com/nz/partnerawards/
Marketing 101 : Price versus Value.
AZURE and AWS are in a deep battle fighting for cloud supremacy.
AWS continue's to cut prices.... AZURE continue's to match those cuts.
At some point you need to start marketing your value proposition. VML provides some pretty unique case studies for AZURE to do this.
Microsoft supporting VML is less about VML and more about growing Microsoft's multi billion $ platform strategy to the thousands of developers around the world.
Case in point - a contract managing the server requirements for the new POKEMON GO apps would probably be 10 x what Microsoft earns from VML.
Good day for VML today up 5.9% - big order through at 16:16 of 350 shares to lift the price to .36