CEO Learning on the JobMarket Cap few days post deal = +$60M
Market Cap now (4 months later) = $27M
Once again it is the shareholders that seem to be paying for Howard's CEO education. Unfortunately he doesn't seem to remember many lessons and seems to rinse and repeat his foolishness.
Instead of taking a pittance for an upfront perhaps after years of the stock languishing he could have thrown the shareholders a bone and found a middle ground on the upfront and royalty payments? Oh and hey.... how about releasing some details of the freaking deal so somebody - say an analyst or investor - can actually put a value on it! The door cannot hit him hard enough on the way out.