The company was poised to become profitable last year with over $200 million in potential earnings, per the slide presentations shown and discussed in conference calls twice. At years end (in 2016) those slides were long forgotten as we did not come close to making the $50 million required to do so. Yes, their goal was not discussed at the Q4 conference call. This to me is being disingenuous. Granted, they say at the beginning of their presentations, they are under no requirement to follow up and discuss prior representations.
So, I thought, give them more time. Well half a year has now gone by and more time given did not produce the result. I don't get a sense of urgency for the company to make things happen. We have always had 'promising' opportunities, but they never quite seem to hit big enough deals to get us there. That translates to a poor share price that was at one time over $20/share around two to three years ago.
I suggest that current management be replaced if by years end they can not make us, at a bare-bones minimum, cash flow positive. I say this based on seven or more years of ownership of this stock.