Jesse,
I understand what you are saying and you make some valid points. However, while GTCB may have a plan, what is lacking is Cox publically acknowledging that they have a plan or plans to address the cash shortage. This should be pretty obvious to a CEO on the ball. An investor shouldn't have to dig into past agreements to deduce what they might do.
In the last conference call, Cox should have announced they he recognizes the need to raise more cash or reduce cash burn. He should state they are actively seeking multiple avenues to do so, including other partnerships, reducing cash burn (by suspending one or more projects, executive paycuts, work force reductions etc), alterations of future payments from partners to lower cash burn or acquire loans, and as a last resort, issuing more shares. When Cox doesn't mention these it comes off as he doesn't appreciate, care or even recognize that there is a serious cash crunch looming in a market where cash is hard to raise. Simply whining that the stock price is too low and he wants to get it higher isn't enough.
