It's beyond belief that people are trying to defend the record of the ceo. He has accomplished exactly NOTHING, except you might mention to dilute our shares with a capital raise that got us nowhere. Go back and look at what he has done, besides make promises that were not kept. Until proven otherwise, the June press release is just the latest example of promises not kept.
Actually, there is a name that applies to the bizarre phenomenon of people praising the management of failed companies:
"What is Stockholm syndrome?
Stockholm syndrome is a psychological response to being held captive. People with Stockholm syndrome form a psychological connection with their captors and begin sympathizing with them.
In addition to the original kidnapper-hostage situation, Stockholm syndrome now includes other types of trauma in which there’s a bond between the abuser and the person being abused.
Many medical professionals consider the victim’s positive feelings toward their abuser a psychological response — a coping mechanism — that they use to survive the days, weeks or even years of trauma or abuse."