No need to apologise, you are exactly right. Boards of directors frequently forget that it is not their company. They are appointed by the owners, the shareholders, to look after their interests, not that of the directors. In fact directors have to put the interests of the company ahead of their personal interests, even when that interest is in the company itself. (Otherwise it is insider trading.)
The legislation enforces transparency, immediate release of news and especially factors affecting risk to shareholders.
I am not associated with the company and only know what you know, but I have been around the block with tech startups and can read between the lines. I just think this company deserves to do better. So to me, if they are not getting contracts and sales then the technology is not working well enough yet.
14D Price at posting:
7.7¢ Sentiment: Hold Disclosure: Not Held
