Good point about him being a tech guy and not a business/market guy. It also seems that most of his tech ideas came years ago, nothing much in recent years.
He did ok navigating the financing and loans a few years back and did get S&G on board to fight the court claim on contingency. Those were good moves.
However, if one is to assess Thom's total record, he has been associated with about 8 or 9 failed ventures, where he was either CEO or managment. It seems that soon, he can add this failed venture to his resume.