They need to do what GIGM did. They hired a new CFO, dumped their only losing $$ division, and stock went from 1.00 to 10.00. I as a huge invetor in that and ill never forget the CEO's words when the stock was at 1.00, "we are no longer the same Gigamedia we once were".
Pandey needs to really start working for shareholders now. Dump those losing divisions. Focus on the profitable ones. Stop diluting, Stop these nonsense expenses.
I still cannot fathom how XKEM can lose 2 million dollars a qtr, without any major drug in research and development.
It sounds to me like this company doesnt really know how to stop spending and that is a huge problem.
Even GIGM had their expenses under control.
We will see here. time will tell. still a lot of time before even the factory is complete, so im looking forward to seeing where the stock is by christmas.