There's hope. Don't despair. White Knight to the rescue some day...
Look at OCLR. Even worst #$%$ than this one. With even worst management at the helm. Wait until a big one gets involved here, like Goldman did in OCLR about a year ago. It took some time, but the honcho was forced out *elegantly* and the stock jumped 50% next day and never looked back.
The story here is the same that was there, bad management without real vision and with no apparent desire to work for shareholders. NVTL in comparison is in much better shape than OCLR was/is and has much better industry prospects.
Another one: PRTS. A shareholder group got involved and publicly pressed the board to fire the CEO and/or sell the company. PRTS was horribly managed with the CEO taking the wrong course. The activist shareholder was minority. We need someone with a large stake to speak up and press.