Sales had doubled to $54M in 2010 from previous 4 yrs and company was on trajectory to go from loss to profit so comment may have been justified at the time. Sales are now $36M. They need leadership that spends most of time on the road with customers.
Its question of competency not fraud. A good CEO is a great salesperson, spending most of his time with customers - understanding and addressing their needs and closing sales. A good CEO's enthusiasm for this activity is contagious and drives the company and its employees.
Actually smart money, tired of waiting for godot, has been trading the stock, buying the persistent slow dips and selling the pops. I sold half position on the earlier pop into the 1.60s, keeping core position. I am beginning to reload trading position below $1 on belief they will engineer run to $35M market cap within the next several weeks.