You look back, and the company looks forward. Your grass roots approach to "analyzing" companies and progress has a place, there is no doubt about that. I respect a lot of your posts and I understand where a lot of your analysis is rooted, but frankly speaking, the fastest path to this company's growth is to raise the right kind of money, under the right non-dilutive terms, as has been revealed by the CEO. Once that money is raised, I foresee the company moving forward with development and sales with all of its products. In this case, the more money the company raises, the more likely it will be able to meet its projections. I get your approach, but the healthcare medical device market won't wait. The splash needs to be big and made now. Just a difference in approach and a respectful difference of opinion.
