Just my two cents, but I see this as (finally) a realignment and redirection of the company. Mike had over ten years to make the brick laying robot work commercially, as the sole focus of the company. And he didn't manage it. He was the CEO and the buck stops with him. That period looks to be finally over.
To me it looks like now its not a "robot brick laying company" any more but an IP-based technology company specialising in precision construction tech, and its real-world commercialised example of the tech is a "brick laying robot", the Hadrian.
Whether a tech head like Mark will be any better as a CEO than Mike remains to be seen, but he's starting from a low share price anyway, so be interesting to see what happens. Board taking a pay-cut, and reducing in size, cost cutting program happening, a refocus on licensing their tech, who knows what could happen.
Just the way I see it, my two cents.
FBR Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
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