krisjan: I wouldn't say clueless.
They took over a company in pretty bad shape after the Gabor/Sims crap. They also saw the microfilm was going nowehere so they dumped it and started the services business which has potential, but it's a crowded field. QTEK would already be gone if they didn't do that. The direction switch has taken it's toll in dilution with bad deals being made. Then again, as usually is the case with these small companies with their backs to the financial wall, they have to sign these heavily dilutive deals to get the cash they need. But the bottom line is that they haven't made enough sales, that on top of losing their biggest customer (GMAC). It's taken over a year to reclaim that revenue and that's about all they have done sales-wise. Steele and Haag lining their pockets with shares and hefty raises based solely on revenues was a bad deal for shareholders, the cost of those revenues was tremendous, and continues to be so.
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