Financials - Familiarity - Future On the financials: I could write a book analyzing them. Suffice to say that we have created our own "fiscal cliff."
Doesn't this all seem familiar?
This is not completely Nick's fault. IMHO he is just gullible, naive, and has been out of his realm for years. An okay promoter but not a business man. The reason that the company has gone traipsing on is squarely the fault of the weak board of the past and today.
IMHO the future requires drastic action, but the Board has no clue how to do it, or maybe worse, they've already agreed on their exit strategy, once the $10mill is in of course. I'm almost certain that the board is no longer delusional about the future. But then again with their history, maybe not.