I don't feel his actions put him in the category of being a pro-shareholder CEO, yet I don't feel he is untrustworthy. I just haven't seen him do anything (visible to the public) that impresses me that he is the best man to bring the technology they claim to have to market. The only excuse I can think of right now for not having a completed FPGA and enough funding to create the ASIC (and probably at least 1-2 signed purchase contracts) given all that has been said by NVI in the last 18 months is the technology is not what they claimed. Otherwise we simply don't have the strongest leadership team.
To give Brad the benefit of the doubt, he doesn't have the strongest supporting cast either, and I believe he is handicapped by his immediate supervisor and his lack of good business judgement and respectability in the funding channel.
With each month that passes I am numbed by the lack of progress. At 3M we used to have a saying, "make a little sell a little", meaning - our goal was incremental steady growth, no big moves, no big risks. Middle of the road, steady as she goes stuff. I hate that mentality. I also hate when my car is stuck at a railroad crossing for 30 minutes. Call me impatient if one must, but I've been waiting for these turkeys (yes, turkeys) to produce value for over 7 yrs. It's getting a little old having to give them the benefit of the doubt at every turn just to stay sane.
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