My turn-around proposition: (won't work)
Don't get me wrong.......not looking for a fight but if you look at what you are wanting you need to consider the following:
1.) Fritz, Dodge, Barcaly and Keil are shown the door. They can take what they've garnered so far and ride into the sunset. I'll even compromise and allow one of the four to remain on the BOD.
***If you did this then there would be a pile of new shares to hand out as you will not accomplish #1 & #2 without giving stock & stock options.......no one is coming on board just for the "JOB".
2.) Concurrently, an entirely new management team is introduced into the fold. This will only happen if the technology is really all that it has been billed to be and the parasites of old are completely washed from the balance sheet.
3.) Move the company HQ to silicon valley. This Florida business is as bad as being stationed in Utah, Arizona or Nevada. Come on!
***This Would cost so much and take so much time we would use up all resources over the next 6 months to accomplish this. Scambuy would love it as they would continue to move ahead while we were just "moving"
To reiterate at this point: dump all but one of the BOD, bring in a new team with fresh financiers and move the company to a technology hot spot where better synergies can be developed and exploited.
4.) With Cornell, the Fritz family and their cronies, and the aura of a Florida corporation (*cough* white shoes *cough*) out of the picture, begin reassessing the staff at the company. Are they truly engineers or are they arse kissers to power? At this point I am uncertain?
******I don't care where you get your money.......it is all expensive with a company in the development stage......cornell is willing to work with us and that is good enough for me for now.
5.) A total realignment around the technology. Dump all but those most closely associated with it. Seat fillers need not apply, only those engineers and programmers who understand the nuances of the technology should be made part of the future company. Not only that --- they should be promoted into positions of Vice Presidents and what not, as long as they remain dedicated to their craft.
******The company has already been doing this and will continue to streamline anywhere they can......lets be realistic.....going to a skeleton crew will not get the job done either......you can't "save" yourself to the nasdaq........."spend money to make money" (yes you bashers can go ahead and yell at me for saying that because of what they have already spent. Notice I did not say "Over spend to make money though" I agree with streamlining.........just not going overboard with it that's all.
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