Sunday, August 19, 2018 4:47:50 PM
I was expecting to buy back in after disclosure of financials, but the latest is ridiculous. He's changing the product (again!) before generating revenue?! Good god!! Just start selling the product already, and then tweak as necessary. He thinks he's going to burn customers by having a sub-par product. Every tech company modifies versions of their product.
And I've never heard of a company buying another company before generating any revenue. I understand the potential it gives, but man-oh-man, he's really putting the cart before the horse.
He needs to PROVE that there is a market for his product. PROVE that customers are buying/subscribing, and then move forward.
And I find this whole notifiID to be highly suspect. He coincidentally put that video out after I told him people were threatening to go to the SEC about him misleading prospective shareholders about that product. And then he comes out with that vague comment about the product -- are you kidding me??
Looks like I'll postpone buying back in until next quarter....
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