Of course you are exactly right and it is refreshing to see that others are finally coming to recognize what I have felt has been the problem with SGLB since I first became aquainted with the firm. Mark and Vivek (and Thacker, for that matter) are scientist academics. Their reward comes not from making money but from being recognized by their peers for their scientific accomplishments and breakthroughs. If they happen to make money along the way that is all well and good but it is not their prime motivation. So long as we have a BOD made up of Cola, Thacker and O'Mara nothing is going to change. I had great hopes when O'Mara joined the Board but he has clearly been a "rubber stamp" board member and has not come close to living up to his fiduciary responsibility to shareholders. Until the majority of the Board is made up of independent directors with an SOB business person at the helm you can expect the lack of business success to continue. As a further sidenote, I was under the impression that SGLB had something like a dozen full time employees at this point after the spate of recent hirings. Every web site that I review however claims that they have only four full time employees (could well be out-of- date, but if so should certainly be corrected). It also gives me pause when Cola lists himself, Dave, Thacker and Yaple as the "key employees" of the corporation, when in fact none of them but Cola are actually employees. That's my rant for the day. It usually falls on deaf ears, but I'm wondering how long that will continue if Mark does not show some significant results, and soon.
