I thought this was reposted. Add China visit to the list.
Solid progress by the new ECTE management in 5 months
Fired the 3 directors that almost bankrupted ECTE
A new CEO
A new CFO
Hired BDO which rocks!
Rehired the technical team that was fired by the 3 directors
Got $4 million in new line of credit
Got MTIA to reinvest and come back
Got a new Symphony sensor designed
Cut the Philly office closed and cut rent from $15,000 a month to $7,500
Closing MA plant and moving to smaller space
Cut cash burn down to $270,000 a month
Getting SEC filings caught up that the old 3 directors messed up
Milestone No. 1 done - CGM sensor wireless communication
Milestone No. 2 done - China FDA meetings underway
You're right. Big companies will not tolerate their managers trashing companies they've worked for. It's unprofessional and reflects badly on them. Chip better hope his boss doesn't find out about this or it will be pink slips come Friday.