Yes that is a big possibility, but if you add 9 months of testing and about 10 months since that testing makes one think the client did not bite if there ever was a specific client to begin with. The bigger question still remains why all past testing never led to a real client and that goes back over 5 years.
I believe history is a very good prognosticator of the future. In VLDI's case it has been an excellent prognosticator of VLDI future. if you do not have history, buying a stock is pure speculation or pure gambling. But a trail of successes give a company credibility and investors greater confidence of success. On the other hand failure after failure is not key ingredient for success. BTW Edison may have attempted 1000 times before he was successful, but it only took him about 1 year for that success.
As far as funds to keep going they have to either do a R/S or increase the authorized share count. Financing when the stock is above .03 was easy, but in the sub penny level he has been issuing stock at .0027 making raising funds extremely difficult. We should have an answer on this front very soon since they are out of common shares probably as of last month.
The important thing is not to stop questioning. Question everything (Albert Einstein), because Fools rush in where wise men never go!
