I don't think management is competent after analyzing their latest presentation - announcement in depth. Things could eventually turn around 'never say never,' but I perceive a high level of arrogance from the current board in their blunt request for such a huge amount of money, something a $250 million Market cap LI company could pull off. I believe the current board and management perceive their investors as stupid and gullible. Time will tell, and I can only hope they come back to the market with some down-to-earth announcements:
1. Changes in management.
2. Focus on the core.
3. Stay in touch with the shareholders.
4. Grow the business and credibility.
I don't think management is competent after analyzing their...
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