Ideal Power Inc (IPWR)

[tykundegex]

Meet the new boss. Same as the old boss. WTF? This is the last company I invest in with amazing tech but clowns running the company. I see the patterns so easily now (and I saw it here too), but I was seduced by the amazing IP, the size of market, and the potential, but without a strong management team, good tech goes nowhere. Always.

They utterly failed to commercialize their innovative PPSA technology, worth hundreds of millions in the right hands, and with BTRAN seem to be clinging to the government/military relationships they had when they started the business. The have the next transistor. If positioned correctly, shipped units of this device should number in the billions over the next decade. Management lacks the experience, connections, or resolve to market properly and sell it. Brdar was CEO before Bell, now back at the helm why? Only because Lon is getting old. How about some fresh blood? Bring in some pedigree and make something out of this could-be-amazing-but-never-seems-to-progress company.

I'm so far in the red on my position that I won't bother selling at all... this is either gonna be a $bn company in 5 years, or bankrupt with the IP sold for a song.