Obviously he needs money, and cannot afford to do a full-fledged IPO. Also, IPOing will require a full prospectus, and a background check on what they're doing, which they're obviously not willing to disclose.
"We brought the company public in order to accelerate the process of putting this extremely valuable product on the market as widely as possible and as fast as feasible."
THis is just bollocks.
Burn... money burn...
Want to feel good about your investment? Adopt a scam!