Despite BroadSign’s insistence on their ‘distance’ to the Petters Group, it’s surely no coincidence that the recent round of layoffs came just a week or so after Petters Group ran into trouble.
Several of those folks who were let go in Montreal recently told us that the reason they were given for the layoffs was that “Petters funding has dried up”
Either way, whether that is true or not, I bet Rick Engels is really wishing that he hadn’t said…
“Partnering with Petters Group has allowed BroadSign to utilize unique partnership opportunities with several of the portfolio companies. These companies offer BroadSign products and services that support our development and goals.”
The more YOU guys dig through the giant Google cache engines and send us links and pages that have mysteriously been removed and deleted from various online sites the more we continue to be amazed at the gall of BroadSign in denying having any recent / strong links with Petters Group.
Rick Engels, President & CEO
Partner Web Site:
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Surely BroadSign is going to need some new investment if it is to continue as a going concern?
Even if it doesn’t, it’s obviously going to have to slim down some more – does it for example, still need a head office in the US in the Petters building in Minnetonka when all of the really clever folks who work for them are based in Canada?