Titan: You miss the point ...
...of my post. Folks here are getting excited about the story -- treating this stock like it is a real stock, with fundamental value.
Statements from the company about expected future events need to be considered against the context of YEARS of predictions which have not come to fruition.
For example, most here seem to be unaware that the company announced the S-XGEN 23 months ago, debuted it at '07 Comdex, received over 10,000 units in orders for the product during '07, and announced that production was 'starting' in China on several occasions. They actually posted a video file of workers in China packaging S-XGENs in shipping boxes, ready to be palletized and shipped to the U.S. (While there were hundreds of boxes, only 3 units appear in the video.) Of course they have never actually produced more than the 3 prototype units they have been showing.
Or that Reda and this company (under a previous name) are barred from doing business with LA County due a failure to provide services for which they received payment.
Or that Reda generated a huge stock price spike by announcing that the company (again, under a previous name) had achieved $50M in annual revenue, filed a 10K reporting that amount, and then later ammended the figure to $7M.
It's great that you (and others) are making money on this stock. But anyone buying into the company's PRs deserves to hear a dissenting voice occasionally. If they then choose to believe that THIS is the time it's going to happen, then good luck to them!
AI
