I like your optimism that they aren't brown bagging from home. You know even if they had some sort of non-disclosure agreement for some sort of testing, they could release a general announcement that they are 'working' with someone. That's all. Just give us a crumb to indicate there is any effort at all to do anything.
I've seen the death days of 4 media companies in Rochester. PCI, JAM, InSeitz and elementK. Not counting Sportraits since they never sold anything. You would think I would have seen it coming with Torvec. Denial and the old 'this time it's different,' stupidity led me to believe people knew what they were doing.
All these companies had some things in common. Feast and famine financing, redoing projects and not charging for the effort, extending credit/postponing billing for deadbeat clients just to have work in the shop, investing in equipment they could not really afford, depending on one client, opening branch offices that did nothing to add to profits, I'm sure there were other things, but the killer was believing the sales projections of a few people without really examining those projections or having a plan if the 90% sold client goes away.
Sorry about this. I guess I had to vent, but upon rereading I'm afraid I'm reminded of the front end of a Shakespeare quote, Life... is a tale told by an idiot. I guess maybe the best thing to do is embrace the suck and move on. I wonder if there is any way they can survive till 2021. Oh well. eom
