I think that it is fairly safe to assume that Coates et al lost the proxy fight. I am disappointed, as are others here on the Board. My ONLY hope is that the current slate of directors -- clearly designated for there submissive nature and obedience to the managment team (a classic '90s aproach) -- realize that their duty is to the SHAREHOLDERS and NOT to the CEO. I pray that they see the writing on the wall and develop "spines". There are a number of hard questions that need to be answered.
I agree with you about hard questions. I do not htink that Coates was a real solution. He did not seem to have any real business plans for NTRO. NTRO's basic general market, telecommunications, has probably not bottomed and their orginal niche was not going to be a player. Angel might be a good product, but it is not currently being sold and shipped. When it can be, next year, the market may or may not be ready. The current CEO is probalby not the CEO to run this company. the only real job the NTRO board has is to make this determination and replace him if they think it is in the best interest to the succes of the company. Even if they make that decision it is hard to find good replacements. Just because you can understand them does not mean the are good.