The security of the investment is directly related to how much faith you put into the CEO. He has made a bad projection before on the time frame of licensing agreements, however he admitted his mistake and gave a believable explanation. The short version, if you take what he says as the truth, is that licensing partners are ready to go... there is no lack of customers waiting out there. The hold-up is securing international patent protection so that manufacturers in China and other places can't steal PSPM's intellectual property. After all, this is all they have. Lee Vanatta said he directed his legal team to do whatever it takes and take as long as necessary to fully protect the technology. Anyone who has dealt with lawyers knows this slows everything down. Add international patent attorneys and you slow down even further. I take comfort in knowing that they aren't rushing to market until they are fully satisfied they won't regret their move. At the same time, if this drags on past March 2009, the pps will be well below .10. I'll be watching closely, but not selling anything prior to the end of the year. We should be getting real news this month - I wouldn't worry unless we still have nothing to be excited about in 3 weeks.
Best of luck to all invested...
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