BNN Bloomberg - Negative News FeedB2, the result of a c e o run amok on finances without a balanced revenue plan is due to the, largely intact, BoD allowing it... regardless of why, they had representative control over chen and were or did not exercise it.
chen may have architected a wonderful business model, however his old school tactics along with a failure to build a team lead to a big gap between development and revenue... filling the abyss with BShiittery was a c e o willing and arrogantly usurping shareholders through the dinosaur era share devouring BoD.
the interm ceo needs to replace himself yesterday as do many of the current BoD with a lithe presence to finally fossilize this former hardware disaster and allow the software machine to take shape and prosper with fresh BoD leadership.
BB remains bogged down by arrogance, poor optics and slow moving management.
8x to 20x on a follow through positve quarter will see BB finally play catch up to losing 2/3's over the past 6 years under chen while its peers grew 8x.