RE:RE:Kingscorpion is only one that makes senceWell put, hardware
I have a few hundred thoudand shares and want this company to succeed.
The problem is that Jim Payne does not know how to run a public company, as he has never managed anything other than his own private construction company. That is obvious by the continual misteps he takes whenever he opens his mouth.
The Board does not seem willing or able to hold him accountable - it doesn't help that some board members are being paid large amounts in consulting fees.
The dilemma is who would replace him - I can't imagine anyone with any qualifications and credibility would be willing to step in at this point. The company is out of cash and on the edge of a cliff.
They need to slash salaries, cut staff and stop the bleeding. If the ABE/TUV ceritification is the key, then just stop everything and wait for that.
And put out some decent news releases to update investors.
And stop buying these ridiculous awards that no one other than management cares about.
And stop pretending that the problems are everyone elses fault - the lawsuit will never amount to anything because even if there had not been a problem with the part, there still would not have been any sales - as we see 2 years later.