3.65 stock price! Div that by 15 to get to the true price - ION did pretty well surviving the carnage up to this point but I don't see them surviving the next wave of sub $40 oil that we seem to be headed to. Probably time to start laying off more... — read more
What's OceanGeo doing?
What the hell is going on with OceanGeo. I see they have employees jumping ship, a CEO with zero charisma or personality, and no sign of any of the promised contracts (Nigeria, Brazil, etc) how long is Brian planning on keeping this failed experiment... — read more
There's always a plan for some next gen BS magic that the crap 'engineers' will make.
Nodes? they couldn't even make waterproof land boxes. Now what happened to the game changing Firefly? Vibe? Calypso? Aram? Scorpian? GMG? GXT? all fubar, the only ones that have a hope after Chap11 are CSL. Uncle Bob and Cousin Brain have screwed all... — read more
OceanGeo failed a long time ago
OceanGeo failed a long time ago, but there is a plan. New magic nodes. Not like everyone else's nodes. OG nodes will be better, because they are a fantasy of Brian and his friends. Magic fantasy nodes from OceanGeo, are simply better in every way in... — read more
Where's Brian?
Really, I mean, ever since the earnings came out I haven't seen him in the office. I know he is allowed time off, but with a failing business division (looking at you OG) he'd be in the office 18 hrs a day.
Q1 Results
Looks like the Q1 results make for good reading. Enjoyed reading Lyin Brian's observations on The OBS market, all complete and utter lies of course as Oceangeo doesnt even have the equipment to be viable bidders on any jobs. Company is screwed and... — read more
Ooops he did it again
Well done our illustrious leader the CEO. See you and you buddies all got more money to live off and we still have a 10% reduction. How come you've achieved zero as a CEO but still manage to take a bonus of some sort each year. Most companies set... — read more
Texans need your support
Hi Brian, Please help pay for our new quarterback with frequent visits to our games this season. Forget profit, cash flow, investing wisely, looking after your loyal employees. We need your support. The Texans
73% ION Geophysical Corp. will go bankrupt.
According to: https://www.macroaxis.com/ 73% ION Geophysical Corp. will go bankrupt. Check it for yourself.
Executive Earnings
Executive compensation details are out. Looks like the people at the top are not being affected that badly by the downturn! 3rd year in a row the CFO's total compensation has increased while the profits decrease!
Another thread removed
What was wrong with the post that disappeared within 24 hours? It's the truth! Meanwhile stock price continues to fall and senior executive management continues to be paid too much! I cannot wait to see the excuses for Q1 results due soon.
Is it me or am I crazy?
Wow, just sat through ANOTHER pointless company strategy meeting. I mean there was a bunch of 'When the industry turn were gonna be well positioned to do this and we'll positioned to do that'....blah blah blah. How about instead of blowing millions... — read more
What just happened?
Everyone made huge losses in 2016 didn't they? My ion stock is worthless again. Last one to jump please shut the window.
Nepotism Thread Removed
I noticed that the thread about the family members and friends of VP's has been removed from this page. Looks like somebody took offence. Wonder who that was?
$22 million, but its not over!
Enhanced damages could be a real problem for ION in the WesternGeco lawsuit. How much will that be?
Any News?
What's going on down there on the lower floors?
Will Petrobras save ION?
In a word. No. The implosion at Petrobras will not help us. The fabled, (promised) work from this deeply troubled national oil company is not coming any day soon. Brian better find another promise and quick. We are bleeding cash. Invent another story... — read more
Blind Faith Jay
Shares of Ion Geophysical Corp. (NYSE:IO) rose 8.3% during trading on Friday following insider buying activity. The stock traded as high as $6.19 and last traded at $6.10, with a volume of 84,098 shares. The stock had previously closed at $5.63. Jay... — read more
What Technology?
Following on from earlier post about technology at ION: We have out-dated technology except for glorious Perseus, the slayer of monsters, which doesn't work. It may be fast to fail, and that is seen as being good. Our imaging technology is so... — read more
The troops
The average troop in the trench churning out beautiful data ( we do still do that FYI ) and bringing in those precious dollars is now a rare commodity at ION. The mid, lower-upper, mid-upper, higher upper and senior management structure that the... — read more
Two COO's?
How many companies do you know with 500 employees that need two COO's? There's at least $600,000 of savings right there. What does Usher do anyway?
ONEION?
Can anyone explain what ONION is?
Another thing to say
Why the hell are we spending money on furnishings for a new office space with popcorn makers and other frivolous crap? If management truly wants to cut spending, then why spend on this stuff? No one from the upper floors even wants to go or use this... — read more
Just sayin'.
Mr. R. Brian Hanson has been the Chief Executive Officer of ION Geophysical Corp. since January 1, 2012. January 1, 2012 : IO Stock = $94.05 Today Aug. 5 : IO Stock = $5.45 94% decline since becoming CEO! All for a miserable salary of $1.32M / year... — read more
How low can you go?
$4.89 at close today. Predict lower before it gets better.
On the plus side
Guys all the negative commenting is getting old, look at a positive - at least all the senior management now have mammoth sized offices on the new floor.
The end is nigh!
More bad news coming. Clear your desks.
Rachel White, VP?
Seriously?
Doing free work to keep us busy!
Better than being unemployed, but free work is not going to pay ION's bills.
$35 million loss on revenues of $22.7 million for Q1.
More headcount reductions coming.
Global Dynamics - Sailwings Acquisition Puzzling?
Why would anyone waste money on under ice activity? No one is exploring in the Arctic at sub $75 oil. Why would a struggling company like Iongeo buy a technology that no one needs? Could have saved a few jobs there Brian had you been thinking. But... — read more
Who is James Lapeyre?
Who is James Lapeyre? What we do know is that he is Chairman of the Board of Directors at ION and also President of Laitram LLC, a "global leader of innovative products and services for many industrial markets" located exactly 0.3 miles from ION's... — read more
ION or GXT Office in London Opening or Closing?
They just moved to a smaller office in London, and now the senior management is trying to shut that down. Is there anybody left at ION that has any idea what they are doing?
The bad news doesn't stop
Ion got hit again today. Big hit, it might be 60% in total by now since the recent (end of 2014) round of layoffs. The weird thing is that I heard salaried people got bonuses recently. What mixed messages.
Monster Job postings..
Are the geophysicists job postings on Monster real? Mail in resumes?.. what an ancient technology.
No holiday layoffs this year?
I thought for sure there would be more layoffs right before the holidays. I am shocked that they didn't cut another 20+ percent of their workforce to avoid giving out bonuses. Maybe there are just very few people left at the company or they are... — read more