ION Geophysical Corp. Layoffs

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Topics regarding layoffs at ION Geophysical Corp.

New ceo

Heard jim was available and the board liked what he did with the denver seismic group
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149 views | 4 replies (last )

Wait whaaaa?

So ION raised $47million to pay off $28million in debt. I sure hope the other $20 million goes to the employees as raises and cash bonuses for their hard work and perseverance through these tough times.
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365 views | 5 replies (last )

Ouch!

Maybe we sell to Schlumberger?
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363 views | 1 reply ()

Stock price jump?

Why is the stock price rising so rapidly? Have they sacked the Board?
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1164 views | 3 replies (last )

Cash running out fast

Q2 results show we will blow the rest of our cash by Christmas. Time to close the door and find something else to do. Management here s---s.
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602 views | no replies

CFO LinkedIn Page

Would someone in management please tell Steve Bate to update his LinkedIn page to show ION as his current employer? Maybe a more professional photo also. He never updated his listing after Brian rehired him to replace Dave Moffit, or his promotion to... read more
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972 views | 2 replies (last )

Another Continued Listing Notice

ION has 45 days to come up with a plan to get the market cap back up to 50 million within the next 18 months, or face delisting. Manipulation of the stock price using a reverse split will not help this time... read more
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789 views | 1 reply ()

DOH!

/
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578 views | no replies

It ain't getting better!

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
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793 views | no replies

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
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1260 views | 3 replies (last )

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
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1012 views | 1 reply ()

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.
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932 views | 1 reply ()

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
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1202 views | 4 replies (last )

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
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992 views | 1 reply ()

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
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896 views | 2 replies (last )

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!
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1044 views | 8 replies (last )

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.
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763 views | 1 reply ()

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
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1162 views | 3 replies (last )

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.
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1122 views | 2 replies (last )

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?
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1039 views | 1 reply ()

Any News?

What's going on down there on the lower floors?
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1338 views | 6 replies (last )

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
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1667 views | 7 replies (last )

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
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1296 views | 1 reply ()

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
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1669 views | 10 replies (last )

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
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1663 views | 8 replies (last )

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?
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1221 views | 2 replies (last )

ONEION?

Can anyone explain what ONION is?
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1294 views | 4 replies (last )

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
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1441 views | 4 replies (last )

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
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1532 views | 5 replies (last )

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.
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1390 views | 4 replies (last )

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