My thoughts are that he is trying to salvage Longtai and will quit after that deal closes/fall through. They have him by the balls so to speak. We might get a deal, but it will be short term and a fantastic one for Longtai....again at shareholder expense.
How could anyone with his background and supposed connections screw this up so big!? Get him some pom poms if he wants to cheer lead the company, but he should be no-where near the CEO's chair.
We now have a company with a great product that is within sight of the finish line, great IP, a great marketing team in place with apparently nothing to market as there is no cash. I am still in shock that he could have screwed this up so!