Yeah, this is a good point.  I think Labcoin needs someone with technical chops in charge, and preferably someone on the ground in China. I hate to be harsh but I think Mr. Noi has proven himself not up to the job of running this company and someone needs to be brought on who has a technical background to find out WTF is going on.  Preferably someone fluent in English and Chinese, since that's where all the work is actually being done.  We need someone who can stay in close contact with the technical team, etc.

I know in the software world, when people who don't know anything about software come up with some idea and try to "outsource" it, they often end up with total crap, because they have no way of evaluating how good the people they're trying to hire actually are.

I'm just worried about their financial situation, if they can even afford a turnaround at this point.