In my opinion, this all boils down to whether you trust Daniel Yazbeck or not.
If you trust him, then you believe that the "Tooling Costs" on his balance sheet represent a manufacturing process, he is working towards releasing products, and he will use his leverage over stock price / RS / conversions, etc. responsibly.
If you don't trust him....then all that goes out the window and you think he's trying to screw everyone over.
CONSIDER, however, his professional accomplishments and corporate background. The man is only 40 years old...he wouldn't risk the rest of his professional life on this. If he is making all of this up, and is scamming us, he could end up in prison. He'd CERTAINLY never land a respectable job in a publicly traded company again. Might he get a job as a research scientist in the basement of Panasonic....maybe. But I doubt it.
In my mind, he wouldn't risk his life's work on one big heist. Is he perfect - of course not. But I believe that he is working hard to do the right things to make this company pay off.
All just my opinion, of course.
