And thank you for the apparently attempted condescending post. Obviously, while I may be fairly new to this issue, the fact is that makes me no less informed than you apparently are. Its a shame that an explanation of this patent is coming from a shareholder rather than the company itself, but thats to be expected I guess, especially when this company has been riding on a magic carpet for so long. For investors who know nothing about biometrics, whenever a new company decides to play in tat field, it woos shareholder interest without knowing salient facts about the technology, its prior uses, its protected IP, etc........it just tells a great story that shareholders latch on to.
Personally, I see a huge problem here - misinformed or uninformed shareholders, possibly disclosure failures by the company, as well as a lot of hype about a product that was suppose to debut early last year. A lot of "its coming" and "mass production", etc........which as you must know, are nothing but red flags. PR news is suppose to be about material achievements, like filing and being awarded patents, sales orders, especially in the company's early stages (I think we are well beyond that already), strategic partnerships that will help grow the company in its targeted market - not "we are talking with a globe card issuer" - because that does't say anything. An agreement with that card issuer is though, and that would be newsworthy. To me anyway, it appears all of the PR is designed to try to keep this companies market cap up, on the hopes of the shareholders invested in this company. When a CEO fails to communicate to its shareholders, and decides to keep things secretive (thats if there really are things going on), it violates not only that positions fiduciary duty, but also compromises shareholder support.
If the company needs a reboot - say it. If the company is working through problems - say it. If the company needs to regroup and restratagize - say it. Just don;t come on here and try to paint a picture that does't exist, whether or not you are getting paid to do that.
