Silence from the company is not good -- they are (very) late with their 10K, and we've no new news, press coverage or announcements about sales of Kromatix. Only their JV with Emirates Insolaire seems to garner a little press attention in the Middle East, but it would appear there isn't any sales traction yet.
The new CEO last year promised an end-of-year balance sheet and review that would show what great financial shape the company was in. We're almost June, and we still have nothing.
In these kind of situations, I tend to become very skeptical that something good is in the works. It wouldn't be the first time in this company's history that a prolonged silent period is followed by bad news.
