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Re: alanthill post# 36880

Friday, 08/21/2015 11:52:25 AM

Friday, August 21, 2015 11:52:25 AM

Post# of 81999
While I tend to agree, I am also concerned about the effect on cash. They've been clear that they are conserving cash until a revenue stream will support growth. The question is, what might a satisfactory independent board cost? Do you think its a good investment prior to demonstrating a repeatable revenue stream?

Z. Here's a report by the accounting firm of Ernst and Young that points up the focus on transparency at all size levels of public corporations: http://www.ey.com/Publication/vwLUAssets/Governance_trends_practices_at_US_companies/$FILE/Governance_trends_practices_at_US_companies.pdf

Besides the obvious need to have a Board that puts shareholder interests first, Mark desperately needs the business expertise that a well-rounded board could bring to help grow the business in the years ahead. Currently they are heavy on the technical side and weak on the business side. It's a benefit all around to have a more balanced board.


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