Nice job, again. I had not seen the article you attached and it confirms the current state of affairs.
Facing the problem in the daylight as our boys in LF did in the latest proclamation of failure is surly a mature and logical first step; however late to the game they may have arrived. Nonetheless they are business people and they have to either succeed or be devoured by a stronger entity. The only other option is extinction.
Is Li a protector or a predator ? Are the obvious flaws prohibiting commercialization of the alleged “transformative” material centered in marketing or in more fundamental areas ? Is there enough cash in the till to support continued failure or is an immediate change of leadership in order.
Upon reflection, I too think that the proclamation is a signal but I hope like hell that it is not the perceived solution … we need action in an urgent manner. The signs that the boys in LF have it in them to take that action are hard to discover, and, absent their willingness to reveal those actions the share price will continue to plummet.
Start YESTERDAY guys … and do not waste a lot of time thinking that the formulation of a new plan is productive in its own right. And, PS: you can work on more than one plan at a time so as to not burn though the remaining cash in vein.