Please, they've been pitching that phone for years, even from before the NP-1 was dreamt up. Their web site says they've relied on Angel Investors all this time and the ripoffreport entries over several years claim that he's BS'd every one.
It makes perfect sense that those private investors have all dried up now so the next logical step is to move to an OTC shell where they can take money from the truly naive.
Seriously, they've been hyping the same projector phone for several years.
P.S. remember who else is from Las Gatos? David Foley? Royal Capital Group? .....