- Frank Wilde
Francis "Frank" E. Wilde, has over 18 years P&L experience and completed over 40 mergers and acquisitions. He has raised over $380 million of [http://riptide.com/about/management_bios.php debt] .
http://riptide.com/assets/images/bios/frank-wilde.jpg
He served as CEO and President of Ravisent Technologies, Inc. from 1997-2001. Since the sale of Ravisent, he has performed a large number of mergers since 2001 and has led the resulting companies into bankruptcy or dissolution.
On December 11, 2003 Frank Wilde replaced Doug Michels as CEO of
Tarantella, Inc. , he raised a substantial amount of debt but was unable to increase sales, finally [http://www.sec.gov/Archives/edgar/data/851560/000119312505108590/d10q.htm#tx82407_9 selling Tarantella] toSun Microsystems in 2005.In 2006, At Servgate Wilde arranged the reverse merger between Servgate and Cirond Corporation. This merger did not result in the revitalization of the companies as hoped, and the new merged entity was repossessed and closed by the funding bank(s). This left staff short several months pay, despite repeated assurances from Frank Wilde. Former employees have complained that Wilde never responded to requests for correspondence about unpaid wages, or even income tax information.
Frank Wilde became CEO of Riptide Worldwide
RTWW.OB in 2007. In March 2008, he stated on [http://www.wallstreetreporter.com/page.php?page=featured&tab=2&id=27739 Wallstreetreporter.com] that Riptide had revenue of $46 million and a loss of $3.9 million for fiscal 2007. According to the company's 2007 [http://www.sec.gov/Archives/edgar/data/1343101/000110465908033650/a08-11630_110q.htm 10Q] report filed with the SEC several weeks later, Riptide actually generated over $20M in losses on revenue of only $12 million for fiscal 2007.Riptide Worldwide has also [http://www.sec.gov/Archives/edgar/data/1343101/000110465908033650/a08-11630_110q.htm reported] pervasive problems with corporate oversight and governance since Wilde’s assumption of the role of CEO
In March 2008, an outside director [http://www.sec.gov/Archives/edgar/data/1343101/000110465908036222/a08-15337_1ex99d1.htm resigned] , citing "The failure of the Company’s management to communicate with the Board has made it impossible for me to continue as a Director."
In 2008 Riptide Worldwide, Inc reports at least 7 [http://www.sec.gov/Archives/edgar/data/1343101/000110465908033650/a08-11630_110q.htm lawsuits] , for fraud, breach of contract and sexual harassment among others that have been filed against Mr. Wilde and Riptide Worldwide.
Wilde graduated from
Seton Hall University with a Bachelors of Science in Business Administration and a minor in economics.
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