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Wednesday, May 06, 2020 5:08:30 PM
As a CLOK investor, I have never heard about Milton Mattox making this statement regarding the status of "technology" or about Hufnagel.
With respect to previous analysis:
1. Hufnagel made improvements to increase speed faster than AES
2. Michael Packes and other kids hired by MDLG were in over their heads and thought that the "technology" had problems, when, in fact, it didn't.
Here's what investors were told by Milton Mattox shortly after hiring about the "technology" that Michael Hufnagel was in charge of developing.
1. Faster than AES because of the usage of computer channels called threads (non some miraculous idea by Mr. Hufnagel)
2. The technology was riddled with usability issues and essentially had to be rewritten from scratch.
That was extremely worrisome to hear, but I had faith in the company to rectify all known issues.
So apology not accepted on behalf of all shareholders.
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