RE: CEO ChangeI did find the timing a bit surprising given the ongoing private placement, but it's worth noting that he's not leaving, just taking a different role in the company. Coming from a background as an engineer and inventor, he's probably more interested in the technical side of the business than the day-to-day job of running the company. Just my 2 cents.
Anyway, although they have not officially announced things yet, based on comments in conference calls it sounds as though they will have enough "follow-on" orders locked into already existing sales agreements to make the company cash flow positive going forward. So I feel it's a reasonable time to hand-off the position. The question now is just how quickly they can deliver on these orders.. and that's where the placement comes in.. Hoping for good news on that front in the next week!