Can't add much to your post, other than to say, that the LQMT CEO is the most co-dependent CEO I have ever experienced. When you follow his career path, from Hewlett Packard, to Symetricon, to Liquidmetal, you see that he is not his own man. He has always required his spiritual sidekick, the Exec VP of WHAT?, to be alongside him at each stop along the way for him to assume a position of responsibility. This co-dependency has prevented him from making wise decisions when alone by himself. Instead of surrounding him with a principal advisor who was knowledgeable in the area of expertise required, he has depended upon a psychologist to guide his business decisions.
This is why the Exec VP is still in the company. He contributed nothing to business development. Nothing to marketing. Nothing to sales. But he is still here giving head advice to the CEO.
Not the way to run a public company...
...slow (it took 5 years) to rid the company of some of the KBG (Salas and Ogawa) but none of the Kang nepotism.
Has not dispensed with his own cronyism. Major sign of weakness at the CEO level.
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