If that seems like a reasonable story for you to believe, I welcome you to do so, and invest more if you like. Nobody was 'pissed', just meant the company was dismissed as a non-serious player compared to 3 or 4 others in the space. Misunderstanding indeed, but in the end moot -- nothing in the space was close to an attractive acquisition.
I welcome readers to decide whether to believe your speculation, or the words of someone who was actually there and continues to have an inside connection to the company. I'm your "DD"!
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