new board

While I have nothing against Mark or Ken (and respect Mark for what he has achieved in the finance field) I do wonder if it is time for them to now step aside.

They have had 3 years and $30m to turn this company into something it always had the potential to be. I also think that given their many other commitments (especially Mark) a few hours here and there can no longer achieve what this company needs....this lack of time probably had an impact on the AP deal. Let Mark focus on the Celebrity Apprentice, YBR and his speaking engagements and Ken on his other ventures. The cost of this board is one of our big problems.

A new more economical board setting direction and providing governance on a part time basis is what is needed. The main thing we need is a tech specialist CEO, someone with a strong reputation in this field....and reward him/her very well according to success.

I see no positives from our current direction. We thought we did well negotiating a 50% up front on PAD orders but we forgot to check what the fundamentals of the pricing in the agreement were. Now PB looks like they're gone we will need a lot of working capital. I don't want this board to go back to the market at a nominal value and have the QVT notes repriced.

I think ourPAD is a recipe for disaster - people will not pay a sizable monthly fee to have one of these (well not many).

We need to size the business and the wage bill contemperaneously.