The Nasdaq stock market suspended trading of Hines Horticulture’s shares on Aug. 8. The company was delisted because it failed to file a required quarterly report and maintain minimum stockholder equity requirements.
-- Sarah
It seems like the rampage is going on again! Hines is now re-vamping all the internal sales people, and making them re-apply for a "Limited" number of corporate jobs, so it looks like the support will get worse, not better! What in the heck is that management thinking? Are they just trying to kill this business? Every month the service and products get worse, they continue to say that they want to support independent stores, but then they turn around and give the entire product away to the box stores! Hello management, get a clue here your $$$$ is with us, NOT Wall mart, Lowe’s & Home Depot! Time for a hostile take over I think, the stock is well below .33/share now! My sales rep works so hard to get product staying up until 10:00 every night, but there new I/T system is so whacked out because it was installed 6 months prior to when it should of been because the new AXE man wanted to get it up! Small thing about the guy he had NO background about computers! And Hines lost MILLIONS in spring because this whack job forced a pre-mature conversion, in the springtime! Hello, that is XMAS time for us! No wonder they finally let him go! Now they want to consolidate everything to a centralized system for all sales people! Sorry, again somebody who does NOT know how people and the business works is trying to take another type of business model and make it work here.
So, the clock is ticking for Hines, unless the Board steps in and cleans house in upper management and goes back to doing what it did 3 years ago when the stock was in the $5.00 range it will continue to loose customers & staff!
Word of advice Hines, go back to supporting your base, and dump the box stores!
Posted by: Robert B. | August 24, 2007 at 11:57 AM