I just phoned him and told him that numbers are important, updated DAILY.. especially during a time like this.
He said he's going to start taking care of that better..
Too much money is involved to still be messing up like this and there's no evidence it'll change, only that he is trying his very best (and is probably overworked). The mistakes have to stop. You do not see this stuff from friedcat - that's all much more to the point and goes to a plan, and there is a board to keep an eye on things.
Most of all, he needs to accept he needs someone else to help. It sounds like he feels he can do it all himself and he clearly can't. Nor can most CEOs which is why we hire in or contract out.
Ken should concentrate on the engineering side and have someone else handle the financial/communication side. I'm sure I'm not the only one who can see this.
Questions:
How do you plan on avoiding mistakes such as we have seen, and to take the pressure off yourself?
How many more shares are to be issued, where, for what price, and when?
How are you planning on cashing out to pay suppliers and how do you plan to mitigate what may be a volatile exchange rate, where - if anything - BTC could go down significantly ($50) in the near term?
What happens if you can't cash out and the price has changed? What's the backup plan, and please don't say suddenly issue more shares!
What % of dividends will be held back for growth?
Can you confirm when proper bookkeeping will be available, done in a timely, regular and fully detaled fashion?
I want this to succeed, but I'm not going to be afraid to ask questions that need to be asked.
Edit: obviously the core idea is good and ken has worked really hard to mitigate mistakes. However, making the kinds of ones that have been made, and in public, risks undoing that good work. Moreover, it genuinely raises operational concerns and they cannot be ignored. This isn't about having a go at Ken, this is about finding a proper way to avoid mistakes happening in future.
