I agree that this company once had potential and blame the incompetent management of Steve Barber for the loss of Oakridge's share price. The worst mistake was the sacking of Lee Arrowood to be replaced by Brendan Melling as General Manager. Not only is Mr. Melling not an engineer by education or training, but he had no lithium-ion battery experience. I've been told that he was essentially a lead acid battery salesman back in Australia.
Furthermore this change in leadership was never communicated to the investing public. No press releases mention him being in the leadership role. Maybe because he was working here illegally, as was communicated by several former employees? And what happened to Phil Meeks, who was mentioned in the may 19, 2016 press release as president and CEO?
It is possible for a company to be profitable as a battery pack assembler, as Bren-Tronics does. However, it must be managed competently, be adequately financed at the beginning to survive until sales materialize and must attract and retain personnel with specialized technical skills. At Oakridge, Steve Barber failed to accomplish any of these tasks.
