Bro he is trying to be upfront with investors. He stated ....
"Uber I have had 1 meeting and 1 conference call with them Bsafe will not work for them Fleetsafer is the play and we have to make adjustments to the software to do what they need done Our tech team is working on this asap."
If it does not work out just say it. IMO the reason he did not share about past debts is all the directions of criticism here. He was going to get criticized either why therefore he put it off. Was that benificial, no way but really see his point.