The point where I lost a lot of respect for Lou Di Nardo was at...

The point where I lost a lot of respect for Lou Di Nardo was at the AGM when a rather agitated shareholder asked him a question about the value of share entitlements provided to LDN and whether the revenue earned by the company to date justified this. LDN explained it was difficult to value what he had received as it would require consideration of complex pricing models (such as Black Scholes).

In my opinion the answer was quite disrespectful given it was apparently pitched above the questioner's understanding and appeared designed to obfuscate (bamboozle them with science). Neither was the answer particularly relevant as LDN had been just been issued a substantial number of shares and thsi si what the questioner was focusing on (not options where this pricing model would be more applicable).