SideChannel Inc (SDCH)

[tedpeele]

We have gone the revenue route before only to have it snatched from beneath our feet when the company failed to deliver after a full year.

At this point in time the loudest story is to found by simply following the money. Who has done well here? The CEO has done extremely well for himself - way more than anybody else. $650k in cash in 2015, and $400k in cash and renumerations in 2016 for a startup that has yet to make any money. That sounds excessive to me. Add to that 10 million shares awarded in 2014. Current value is $30 million. Well, mixed feelings about that. Better than cash, for sure.

And some employees who are being paid pretty well to do the kinds of things they like to do.

No one else has benefited.

My hope here has been the same as everyone else: They have discovered something that might have tremendous value. But now that they have gone to market, as an investor we need to be able to explain why that has not borne much fruit. Is it really this slow for the world to discover that we have a solution to the problem everyone is having, and it is worth paying for? The longer this goes without proof the less likely it seems to be true, and psychologically we have to resort to hopes for things like a 'really big contract' just to balance out the growing concerns.

I hope it will happen. I really do. It would be great. But they sure are tight lipped. Is it because they really don't have anything to say? Or they have a LOT to say? We'll know by the end of this year IMO.