Re: now then now then
You guys will be fine. Kevin at Violin squeezed 8 more quarters out after everyone declared that company was already dead and bankrupt. Through bankruptcy and Soros acquisition, Violin IS STILL SUPPORTING CUSTOMERS. Tintri has 3x the customer count Violin had, and all Tintri customers seem quite happy, unlike Violin's. Tintri also has Tier 1 data services that actually work, unlike Violin's.
Tom Barton is a calculated, capable guy who just came from PE. He is not going to take the job on April 2nd to declare bankruptcy 3 months later for a measly $450k salary. That is a really short and low-paying stint to be only damaging his great reputation. He only took the job because he was 100% sure he has a life-line to use when he needs it. He saw the cash and burn and knew he would have to come up with money, and waited until KPMG signed off on the audit of the 10-k before his official start date. Tom will only make his base salary if he declares bankruptcy. He can make 3-4x that base somewhere else. He has funding and M&A options right now and all Tintri customers need to remain calm and, if you want Tintri around, buy more. Don't let your pu##y procurement people spook you out of doing business with them. Ken and Ian ramped the company structure for growth, and when revs went flat, they lost a lot of money. Tom Barton has plenty of operating leverage to improve burn rate and move towards profitability.
Remember, Tintri's input costs look just like Pure's and Pure is basically at profitability, so Tintri can turn around. Ken and Ian were not storage guys. Tom ran Rackable Systems and that was a razor-thin margin business. Put your faith in this guy. The fact that there has been utter silence from a PR perspective, and no ER date announcement is part of Tom's plan. He is letting this stock trade down to a $14mil market cap on purpose.
The same customers who are afraid to give POs are like the investors who all sold on the way to a $14mil market cap. Fear is not helping Tintri but Tom has options and all customers will soon feel relief. I just acquired about 450,000 shares of their stock last week. Customers will have good news soon. Tintri will not go the way of Violin. I hope this helps customers feel better. The fear-mongering going on right now is unfounded.
As you said, "trouble-free" times 1500 customers has value. Fear not.