(1) the current share price (check the price graph over the last year or three); all on his watch.
(2) the latest 4C (and those of the last year or three); all on his watch.
(3) your own comment "At this moment we gave no choice!", i.e., we are close to receivership if we don't do a CR. All on his watch.
All this despite paying MO a sickeningly generous salary. It may be true that if you pay peanuts you get a monkey, but unfortunately the converse is often not true. We pay the salary of a genius, but look what we've got for our money.
I'll give him and the BOD 10/10 for winning grants, but (you heard it here first) CETO will never be commercially viable IMHO. There will only be a very few niche markets where CETO will be the only (but expensive) energy solution, but as CCE have already hinted in a recent announcement they need to sell thousands of CETOs for commercial viability, and that "ain't gunna happen" given the rapidly decreasing costs of already much cheaper alternatives like solar and wind plus storage. For me, EME was to be our saviour, but it has turned out to be just another expensive lemon like CETO 5. Over paid for it obviously, and highly unprofitable to boot, despite operating for over 13 years. The 4Cs over the last year tell the story there, amply.
So no cash from me until salaries are reduced and real sustained substantial cash flows appear in the 4C.
All in my opinion, and shareholder or not, I am entitled to it.
CCE Price at posting:
3.0¢ Sentiment: None Disclosure: Held
