To me, everything in their latest couple of filings points to a company that has the tech and the patents to back up the tech but doesn’t have the resources to continue business without getting more and more in debt. By resources I mean continued code development, maintenance, updates, fighting legal issues pertaining to code. All of that can’t land on the shoulders of one guy (Lerner). How can they continue to do business without partnering or merging or a buy-out with a big time player to help with code development, maintenance, updates, fixes etc. I mean, code always needs to be updated for the constant change in technology. Is Lerner the only guy that falls on? As stated in the filing, he commits 70% of his time to IRNC, not 100%.
