Plan I'm being asked to provide a plan, here it is...
1) Effective immediately, everybody considered as any type of management in the company will go on a 50% fixed salary (caped at specific values according to level) and 50% stock performance salary (based on stock price threshholds). If you don't like it, leave.
2) 20% of the fixed salary above for management will be used for forced recurring share buybacks and management won't be allowed to sell those shares for a period of 2 years from purchase dates. If you don't like it, leave.
3) No bonuses or options will be granted to anybody in the company (no free lunch) for any reason as the stock price has consistently underperformed the market (no shareholder has made money with any buy and hold strategy for almost 10 years and our stock has even underperformed government bonds which is unacceptable).
4) Cut the fat...if you are not essential, we don't need you, you are out of the company.
5) Effective immediately, dividends to shareholders will increase from 5 cents a year to 10 cents a year. We value our shareholders and understand your pain so this will soften the blow until we get the share price moving again.
6) The company will consider special dividends in circumstances where a large deal is won or signed. For example, if Apple agrees to a settlement, we will give shareholders 1 cent dividend for every 10M$ that comes into our bank account from that deal. So if for example we have 75M$ coming in after paying the attorneys, shareholders will receive a one time special dividend of 0.075$. This will apply to any deal on which the cash injection is over 30M$.
7) Company will cease and desist feeding shareholders a pipedream strategy of growth by acquisitions (as nothing has happened for almost 4 years now) until such time that a competent and loyal CEO is found and this CEO has been on the job for at least a year.
8) In the interim, the company will consider strategies of privatisation or buyout as the public market is not where shareholders will get fair value. The BOD will hire an outside third party firm to help with these efforts and shareholder value will be our main priority.
This would be a start! If this inept board would make a statement like the above, the stock price would jump to 2.00$ overnight.