Why is a competency license important? In some parts of the country, a competency license demonstrates current good credit. Sometimes, companies are required to demonstrate the appropriate amount of "trade or hands on experience" in order to qualify for a certificate of competency license.

http://www.hillsboroughcounty.org/DocumentCen...e/View/379

The BBB defines competency licensing for companies which reside in a field that may require certain licensing in which to conduct proper business.

http://www.bbb.org/louisville/industry-tips/r...firms-1976

This is important for potential investors to view the new CEO's, Brad Dautremont's past exeperience in order to gauge how he might fair in a leadership role of GESI.

Based on whatever the definition, it appears that he was not able to maintain the proper competency license with which to run a small construction company. Will running a publicly traded company prove a difficult challenge? This is what each potential investor needs to consider.