Here's my theory:
What is making this fail is Ken's lack of communication skills.
Maybe eASIC / Stilwell baker are flawless companies, but the simply can't co-operate with the CEO of ActM, and therefore we "need to switch to other firms", causing delays, etc.
This makes even more sense when you think of what happened to the advisory board....
Not sure what could be done about it though, send Ken to a social skills course?
Now this is an interesting line of questioning. You could be right. But I've always thought the short comments on here are to do with time and a worry that Trolls will twist what he says - which is exactly what crumbs specialises in. Crumbs heavy presence on here might be keeping Ken away. Yes Ken's a grown man but I'm sure we all know how Trolls can wind you up and draw you into an argument and in the end there is no setting the record straigt as Trolls don't listen and are experts at twisting the truth.
All I would say is that if you read the IPO and you read the progress report you see a good standard of English and excellent communication skills. That's what a lot of people invested in - the strength of the IPO proposal as expressed by Ken.