Quote from: RoadStress on March 18, 2015, 11:38:14 PM

Quote from: Mabsark on March 18, 2015, 08:23:48 PM

Why weren't shareholders informed that AM couldn't finance BE300?

Hey Jutarul you missed this question.

Quote from: Jutarul on March 18, 2015, 10:22:06 PM

If you're frustrated how management carried out their decisions you're in good company. Unfortunately it's too late to change anything about it now.

I think many shareholders are frustrated about the lack of financial statement for Q4 2014 and the lack of communication overall, but they couldn't do anything about it. Saying that now it's too late makes me think that they could've done something which is simply false.

FC was continuously reminded to publish financial statements since they were due in Q4 2014. He also was reminded to secure financing for the tape out. It was considered a discretionary decision of the CEO to bring this either to public attention or not.

Sample chips for BE300 rolled out in December. At the quality of communication FC engaged in, some board members assumed this to be the actual tape out. In January at the board meeting FC communicated that there was no financing for the BE300 TO - that some investors were discouraged by the falling BTC price. I can only assume that this means he had someone making assurances and that someone didn't follow through.

In principal I agree with you and looking at it from a hindsight perspective, informing all shareholders may have encouraged some assistance. But this thing was going fast from 100 to 0 in 1-3 weeks.