Yup I read the filling, and you are right, it seems completely out of proportion to get so high compensations while research and other parts of the business are getting so little (50k-80k USD).
Look, I am optimistic not delusional, what I can take from the report is that the debt rounds 25M, and current bills will be converted to shares in a time span of 8-12 months, that’s another 0.5M of share dilution, "staff" and other expenses will round 2M a year, so in one year the conversion of shares will add another 10% and so-on every year... next year the stock (if absolutely no income is achieved) should be placed on 0.009-0.008 range.
There is a conclusion to be drawn, the company is not going out of business any time before "dic-2017" in the worst case, so there is plenty of time to convert and take your losses, if you entered 0.005+ well you are out of luck, but if you got in at a 0.0012-0.0009 range all is still on track, high risk but hanging on there.
On the way forward, to sale those earpieces (toys, instruments, whatever you want to call them - even the funny names you have given), internet sales will fail, average people do not buy new/rare/untested stuff on the web, people buy things they exactly know / and are certain of what to expect. Plus most buyers are currently not capable to hold credit cards. So the place to offer the device is in direct retail (eg. wallmart ... you name it). If you see the box on the shelf for 130USD you might take the chance simply out of temptation.
My hopes are now set on the old guy "Abraams", his old style would serve VOIS now to turn things around.
As people get the earpiece, and use it, even sporadically, new applications will start to pop, and then the momentum will consolidate.
The earpiece works as good or as bad as any other unit that uses the TMGA1 chipset, so the product is not out of the race yet, and modifications are stil possible to create new versions if re-assembling the board into smaller formats.
I am optimistic!
