5BARz International Inc. (fka BARZ)

[roguewave5]

This article is also already a year and a half old. You have to wonder what they have commercialized?

Vodafone India to improve indoor coverage with 5BARz solution
http://telecom.economictimes.indiatimes.com/news/vodafone-india-to-improve-indoor-coverage-with-5barz-solution/50320454

If they were doing business with Vodafone then they would be getting paid and Vodafone would be on the Accounts Receivables for 5Barz. Heck, Vodafone might even be willing to pay in advance in order to get a premium product that is going to significantly advance their service offering. If this process were in place and, perhaps one with Bharti Airtel as well, then 5Barz should already have a steady accounts receivables. If they then still need significant funding you would think that the commitment from these two behemoth customers would be enough impetus for any prospective funding source to get this thing finally rolling. Even the order for 5 million units appears to not have been enough to satisfy a funding source. Instead they had to go to a manufacturer who was willing to compromise and take on a share of the risk.

This time last year there was all kinds of 'great' news coming out. It's been absolutely dead now for almost 4 months and the stock is continuously creeping down. Hard to believe a great startup could be so quiet if there were really a great story to tell. Why was there so much hype that they would be reporting on July 12th, and then nothing, [crickets]! What are they hiding? Why do they not want to generate enthusiasm?