Agreed Opportunist!! Mel inherited a company with little debt, 3 million in revenues and installations at military bases, universities, hospitals, and cities. Not to mention DOE awards for the Aimed Optics products. Board was asleep while Mel ran the ship into an iceberg.
Hopefully, the board is doing everything in its power to clean up the company and hire a team that can get the company going; or the company is toast. I believe that there are a lot of major lighting companies infringing on the company's patents, but the company has to survive to reap the benefits of what it created. Time will tell.
Before the Bilco gang starts bashing this post, read the patents, research the LED lighting market and read the filings. That's where the information is for anyone who truly wants to understand the past, present and future.
