IMO
I really don't believe that he sees it in need of being turned around; he continues to proclaim that 'everything is fine' and that 'sales are at an all-time high', without addressing the glaring flaws in the business model (no adequate funding to roll out new consumer products, no profitability in sight, no national ad campaign to follow up on national exposure event), and now that the original headphones are held up indefinitely with an injunction against DGM (who, according to the suit, were/are looking for funding as well!), the company is back on its micro-growth track serving the professional and cinema markets, with the Q line almost as an afterthought.
The BIG growth engine was supposed to be the consumer market; and while JG sits silent in Ozark, it seems pointless to speculate as to what else 'might' come from the company. There have been other 'retail' claims for some time, with no outcomes that we can see. The Best Buy link has been removed from the SLS website, with no explanation as to why; the product was introduced @ $799 and is now selling @ $549. The $4M quarter turned into significantly less than that, with no guidance.
It'd just take one CC to clear it all up: the money, the retail outlets, the sales forecasts, and the product pipeline. I completely understand why he doesn't want to have one; but difficult or not, shareholders deserve one. And if the stock goes to a nickel from there, so be it. No more games. The SEC is not keeping him from answering any of these questions, certainly not on an open CC.
John Gott is keeping himself from doing it.
