It would seem that your entire argument rests on the quality of the leadership team that you say is the same that drove the company into the ground.
One man owned 56.5 times as many voting shares as all the other board members and executives combined until his departure in 2012. This man had total control. It was his business to do what he wanted. The other BOD were advisers at most. During the final four years of his control the company lost 44 million dollars. The accumulated deficit for his entire control was right at 80 million dollars. When he left he dumped his shares and cratered the stock price. This is the person responsible for the collapse of this company, not the board that inherited his mess. Randazzo was not the correct one to lead them out of this trouble, that's why the hired Chan. Chan has the con now and is calling the shots. He has this company on the track to recovery. That is a fact. In his first full quarter Debts are being paid down, suppliers are back on board, YOY revenue and gross profit are increasing and a new sales force is being built. Patents have been granted, and licenses are being sold. Sounds like the board finally did the right thing. What exactly were they supposed to do? What problem is bothering you so much? The failed merger? The RS? The financing held the company together until a new direction could be planned and executed.
