Good to get your perspective
I came into this stock after hearing of the new CEO's plans. He's got an ambitious, but achievable goal of creating a business worth several hundred million at least. He did it before as a private company, but with access to the public markets, he can build an even bigger company.
It would be beneficial for both sides to walk away from their demands. I think the current CEO has proposed something like that, but Marakon wants in on the action even though it's got nothing to do with the food business.
Perhaps the new Board members can help facilitate a settlement. Imagine what the CEO can do if he's focused on new business development and operations. He's been CEO, CFO and legal negotiator for the past 3-4 months.
At any rate, the company should be significantly profitable in the October quarter just on Vietnam ($7.5mm in revenue per quarter) and the UAE deal is much bigger. I hope they give guidance on operating income and EPS as it will highlight just how undervalued this company really is.
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