It's not a criticism per se of her, but it could easily go there. If you are going to play in this market, there is opportunity in the right market segment with the right technology. If she refuses to even talk to other CEO's of publicly held biometric companies (especially one who has established the fingerprint product market here in the states), then she is doing a complete disservice to her shareholders, and when you are the CEO of a public company, thats who you work for. You reap the rewards, as well as answer to the base that supports you. You need a real Board of Directors to keep the CEO in check.
The blind faith approach needs to stop, and when you put out a press release in 2013 that says the product will be in the market in 2014, it better be. I don't begrudge BilBOO and the others who "hope" this stock goes somewhere, because it could. When you lose a major lawsuit, and your competitor starts to corner the market with its technology, its time to take the side blinders off and move the company into a different direction.
Also, having a LOT of biometrics design and manufacturing experience myself, if she didn't spend at least $4M on direct R&D, then I have to ask what does she actually have? Biometric engineering costs a lot money. Miniturization of power consumption/sources, boards, chips, memory as well as writing proprietary algorithms all cost a TON of money. Realize that Apple has cornered 85% of the worlds flash memory, and you need flash memory to store the initial enrollment code off the print. None of this companies resources seem to be in house, probably almost all outsourced, where the company controls less and less, especially if using overseas resources. Yea, stock promoters and funds will say it cuts costs, but you also get what you pay for and in my experience, takes many more months to complete.
This company could do something with its technology (provided it actually works as claimed) but not in the POS market, not anymore, and certainly not now. IMHO
