". if he had even 1/1000th of the honor, integrity or true concern about the success of this company and his loyal longs that has been blogged about for so long...he would have resigned by now."
The only problem with him leaving or planning such action earlier , in the present or near future is that there is an awful financial mess as you say.... IMO options for talent to have anyone take this company over are slim and none to clean it up. He has this company in such a mess right now that it doesn't allow anyone with the ability to fog a mirror to consider such an over whelming task. UNLESS....the company goes private and new monies are secured in private placement so theres money, time and room to work with a change. This requires a turn around talents who can take a crisis situation and put new life into this company. Eric has secured his own destiny by his own inept mngmnt. When you are leaderless...out of cash and desperate there aren't any takers for chaos . There are good people that can do this but with only 500k in sales they can't interest talent that can't they can't afford to pay.A good BOD's would have seen this oncoming freight train at least 3 years ago and could have instituted changes then. Now the horse is out of the barn. Eric has no one to really answer to....his goal looks to have been from the start to dilute and stay in control. So at the end of the day who would or could take this over under these current conditions? Its restructure with a R/S or go private.
All Just my opinion based on financials, maxed out dilution, chill on, PPS, chart history and tooo many unrealized blogs that have shown nothing.
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