Perp Walk!
Carl Smith got pushed out early, he is not guilty. His team created the LED patents that made this company unique, and valuable.
The real perp here is Mel Interiano, and the clowns on the BOD.
Every January through March, the clown school in Sarasota conducts training for the upcoming season. Our BOD boys continued to do well for three seasons in a row.
Mel Interiano had a canned presentation that showed the reported backlog of orders worldwide.
The total exceeded $200 mil. That led me to "stay invested" because if only 10% was realizable, that was $20 million = 5 times the prior years revenue! Leading the list was Mexico at $24 million, Poland at $10 million (Krakow and Warsaw street lights) and Burger King 'chain wide', etc. Pure bullshit!
Well, here we are.
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