It has nothing to do with shark tank. Companies love to cut costs. Licensing is possible. And things run at different speeds in different countries. Endless excuses lead directly to a death spiral.
It is the job of a CEO to conduct business. It is the responsibility of a CEO to constantly come up with maneuvers, strategies, deals, and work to sell goods and services to people. And that includes business that may have nothing to do with the central mission of the company to stay afloat. Mikaelian has been an abysmal failure in every aspect.
Mikaelian needs to be held accountable as a CEO. It is entirely destructive to investments to enable him. Using common sense and a glance at your brokerage statements should tell any shareholder that.
If he is going to refuse to do his job, and continue to steal, he needs to be stopped before he ruins even the shell of this company beyond repair. I would invite any shareholder to investigate his involvement in Petlife as an example of his MO. To date, he has not learned nor changed his MO.
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