Author Topic: PAR - PAR Technology Corporation  (Read 15079 times)

Casey

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Re: PAR - PAR Technology Corporation
« Reply #60 on: October 14, 2019, 04:19:49 PM »
I have not met him. Searched for videos of Savneet based on a few of these comments about personality... Top couple:

* https://www.youtube.com/watch?v=0QotLYFYUqI (2 minutes)

* https://www.youtube.com/watch?v=0QotLYFYUqI (10 minutes)

Longer gold one is interesting. He does speak very quickly. Appreciate folks sharing what they think might be the negative aspects.
« Last Edit: October 14, 2019, 07:36:29 PM by Casey »


Spekulatius

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Re: PAR - PAR Technology Corporation
« Reply #61 on: October 14, 2019, 04:43:56 PM »
So I listed to Singhís podcast  and he talks faster than an annuity salesman. Apparently has has done dozens of things already at his young age, so itís save to assume he wonít stock around.

Current investor presentation appears to have plenty of grammar and spelling errors or maybe itís just me:
https://www.partech.com/about-us/investors/ (losing site or losing sight? Etc).

Raised money using convertible debt and company is cash flow negative. Wants to build the Berkshire of software - another yellow flag.

Just a grumpy manís assessment. I will put this on my watchlist, it will be interesting to see how it does.

Met him at the Sidoti conference.  He has ADHD and couldn't stop looking at his phone.  He literally would stop our conversation to make a call.  He's either a visionary or a wacko.  He does not live in middle ground.

Thanks for the color on Singh. After listening to the podcast, I thought he might have ADHD, but didnít want to overextend. This doesnít mean that he isnít successful, but if you combine this with the sloppy IR presentation, I think it elevates the risk that things may go wrong.
To be a realist, one has to believe in miracles.

BG2008

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Re: PAR - PAR Technology Corporation
« Reply #62 on: October 14, 2019, 06:12:47 PM »
So I listed to Singhís podcast  and he talks faster than an annuity salesman. Apparently has has done dozens of things already at his young age, so itís save to assume he wonít stock around.

Current investor presentation appears to have plenty of grammar and spelling errors or maybe itís just me:
https://www.partech.com/about-us/investors/ (losing site or losing sight? Etc).

Raised money using convertible debt and company is cash flow negative. Wants to build the Berkshire of software - another yellow flag.

Just a grumpy manís assessment. I will put this on my watchlist, it will be interesting to see how it does.

Met him at the Sidoti conference.  He has ADHD and couldn't stop looking at his phone.  He literally would stop our conversation to make a call.  He's either a visionary or a wacko.  He does not live in middle ground.

Thanks for the color on Singh. After listening to the podcast, I thought he might have ADHD, but didnít want to overextend. This doesnít mean that he isnít successful, but if you combine this with the sloppy IR presentation, I think it elevates the risk that things may go wrong.

Another way of thinking about his action is that he actually runs a company now that is undergoing a lot of change.  This is a fast moving business unlike a rock quarry where you collect a royalty check.  Par is trying to grow and add on services and deliver the functionalities that they promised their customers.  He might've literally been putting out fire with the phone calls.  But there is certainly a disdain for people who are not familiar with the story and a lack of understanding for shareholders who haven't done their homework which I admittedly isn't the most versed in their story and theme.