Note: As Chairman of the Digital Signage Federation, I [...]
Being smart about how you choose a consultant is as important as checking your parachute before jumping from a plane. It increases the odds that you'll be around to talk about the adventure later.
...the stock has been thinly traded, averaging less than 11,000 shares in daily volume. That, combined with the steady decline in the stock price since its IPO last year has created a real challenge for the RMG executive team. Their strategy and stated intention was to make several more acquisitions. Ideally, those acquisitions could be done with shares trading at a healthy price, preserving precious cash for other priorities. But the low volume and weak price were a double whammy.