Thursday, May 21, 2015 11:11:12 PM
While reading the recent filing, it is clearly saying money is needed to complete "the design to create ...final product". Which to me is saying this is not in production. So the preorder is somewhat puzzling since the design obviously is not complete.
"We believe a minimum of $100,000 is still needed to complete the EEG device, which will cover costs associated with the SDK (operating system), the design work to create a sleek, consumer-friendly final product and updates on the hardware including Bluetooth wireless updates. We have announced our desire to partner with a larger technology firm to invest in the completion of the EEG headset in return for a negotiated interest in the product. If successful, we will not need to raise this capital to complete the project. If we are not successful in attracting a financial partner to assist in the completion of the EEG headset, we plans to raise funds by means of an equity offering to raise the necessary capital to complete the project."
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