The fact is, bib was not lta's to begin with I don't think. They were helping to build it but the concept and r&d was ours I believe. Plus I have a strong suspicion that management is hiding potential contracts in the wings shortly. I cannot for the life of me fathom why the whole potential of bib and wasp which the company had been mainly focused on for the last 2-3 years has been sold for a song ( just the cost of ONE single unit) when we are this close.
If there were ready investors to keep the company alive without selling our most valuable asset for future revenue generation, I personally believe it looks like gross negligence or collusion by the company to sell away the farm for real cheap. Indy keeps harping on honored consultants...REALLY??! We honor them so much that we are willing to bend over backwards and let Glenn and co do a number here? Even if it were the queen of England, I would not do such a bad deal for shareholders. Most especially when all we have is stock from a private NEWLY FORMED company with NO assets nor substantial paid up capital to speak of.
Indy, you had been talking up the potential of the wasp and bib, why do you value that potential so lowly now. 335k is hardly big money. Honor or no honor. And I believe the deal was not carried out with much of honor or with shareholder's interest in mind. Honor is not in how much money you have or how big your name is. To me, it is in how you conduct your affairs. In this case, the shareholders have had their assets and potentials greatly diminished from this sale.
Forward looking statements are very easy to be made but oh so hard to enforce. I believe we have been sold down the river by thieves and traitors for much less than 30 pieces of silver. IMO we just sold our winning mega million lottery ticket (we already checked the numbers) for $10 right outside the collection office. Maybe Glenn was so overwhelmed with the honor of beholding the glory and power of the other party that he found himself gushing and offering up our ticket for $10 and a sack of potatoes (private sack of potatoes one might add- covered in sack and no one can open it to check what's in it). Oh and we get to pay them huge for consulting services too. Woohoo what an honor. Just peed my pants in excitement!
I had always valued your input Indy, but in this case, I wish your eyes would be more open. You will realize how badly we got it in the a**.
