I'd like to share your enthusiasm and hope the shares will recover although I doubt even at .06 anyone will be happy, especially the .09 investors from last year.
In terms of revenues, it was suspicious that they had a huge drop in Q4 which leads me to believe that they used some revenue to front load Q1. But the new software contract however should be a big plus going forward.
In terms of lavish spending and abuses I'm still cognizant of the fact that they replaced a $120k CEO with a $300K CEO (including a $5K/ month apartment, flights for wives etc.). Fact is that I was told that almost all the departures were people Raefield hired and revolving doors can be expensive.
Hopefully things will stabilize but it points to a failure of management ( serious interpersonal issues) when people who should be key hires only last months.
PS. I have to differ about feathers in hats. All of these deals were reportedly in the works before he came on board. If you read the news releases for the last 15 months the cupboard is pretty bare of new feathers.
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