I agree. I guess I'm fortunate that I got in at under 3 cents so my risk/reward is skewed, but I don't think that this management could be doing any worse of a job. The are sitting on an incredibly cool technology, and yet they seem more interested in going around the country with a pair of headphones asking people if they would buy something with MaxD technology than they do actually monetizing their product.
As I said before, the ONLY reason I bought a small stake was because the lawsuits intrigued me and I like to root for the underdog. But is anyone truly impressed by this management team? Greg Halpern's bio starts out that he is a world judo champion -- but makes no mention of his education background. The CEO's most qualifying attribute was that he owned a chain of phone stores in the 90s? C'mon. The best thing for this company would be for someone to step in, remove these two putzes, and actually market the technology...someone with connections and salesmanship and a better understanding of finance who knows how to avoid falling victim to creditors via toxic financing deals that hurt shareholder confidence and value.
The sad thing is that I was talking to a couple of investor friends and we could easily pursue a hostile takeover of this company given it's paltry market cap. I honestly believe the technology Lloyd Trammel created is worth substantially more than the current value of the company. But no sane person would go near this company simply because of management totally sh*t the bed with its balance sheet.
As investors, let's all hope that the lawsuits play out in our favor. That may create a nice spark to the share price, allowing some to recoup their investment and others to profit. Anyone who hangs in after this and bets on this management team, with their overinflated salaries, and endless years of under delivering, has balls of steel.
