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Re: logytwo post# 506

Monday, 03/25/2019 10:30:24 AM

Monday, March 25, 2019 10:30:24 AM

Post# of 684
I spoke with Jason Brown the other day. He said the issue came down to when they were restructuring the company last year and ousted Lang and others legacy people from positions of power they refused to give it up and why the audits/financials weren’t kept up and they’re trying to force their way back so they’re trying to clear it up but doing everything legally through the courts which is taking time. From what it sounds like they’re really attempting to cut all waste and make the company profitable going forward, especially now that it’s being adopted by institutions. Also said Colt didn’t want to put out revenue figures until he has more concrete data with the system being used, but will going forward as they’ll try to keep up the conference calls. I’ll still hold hope as the platform is a game changer in my mind and if they’re really clearing the back end that should tidy up the rest.