To be honest JRD I think that your post is the most likely conclusion that can be reached. At the time I remember questioning what was occurring and it didn't make sense at the time but I couldn't put my finger on what was going on.
For me I know, on this forum, there is criticism of the criticism of the management but I don't think I have read anything that is "unfair." It is reasonable to expect:
1. Projects are delivered to the timelines the company sets. I mean the company is the one in control of these expectations.
2. Financial projections are within the ball park of what is said. To be 6 million outside of the projections is extremely misleading and frankly unacceptable. Again this is totally at the feet of the management . They control the message.
3. While doing conferences is important to spread the message, it is a poor look to the market when points 1 and 2 (above) are not being met.
I have questioned that we have a CEO who has been in charge for a long time getting a significant wage for the size of the company and the buck stops with him.
Having said that there is so much potential and potential revenue sources that the company could easily turn around and turn around quickly. The financials have a huge burden of the development of CETO 6. This will always burn money. However I believe it is the way out. Get this in the water, with the publicity and we have a company. It was the goal when I first invested years ago and it should be the goal now. What worries me is that MO has allowed us to get distracted and taken the eye off the prize. The last presentation (ironically at another conference) gave me hope that they are closer than we think......I hope!
CCE Price at posting:
4.7¢ Sentiment: Hold Disclosure: Held
