Not if you read the "expert" reports!
Well, I have read each and every one for at least the past 12 years, and many before that. Of course, my background is not yours, so when I read, I look for different things than you. Mainly the validators, observers, or co-author's credentials. All so far have been top notch in that regards, and IMO, if they are willing to risk their hard-earned reputation to put their name on a report, then that means something to me. So, I am fairly comfortable thinking Mills has some legitimate science going on based on that.
The problem as I see it, is that he knows he has something (as just about everyone else in LENR), but it is much more difficult to commercialize then he has been willing to admit. He knew from early on that if he were honest and told potential investors: "this could take 30 years to develop, and then we may still have trouble profiting from of it", there would be no investors, and like many others before him, that would have been the end of the Mills story.
So, out of necessity, he became a businessman with a good sales pitch. And I see much of that in this latest Shareholder Meeting Report.