Dmo is 100% right. I have seen this multiple times where new pennies come into fruition with great optimism and the #1 mistake they make at the pinnacle of their early development is that when sp is high, they always seem to think it will stay high. Consequently, they totally fail to sell adequate numbers of shares in the beginning to manage the company through the first two years of development; i.e., they drink their own kool aid. Then, when sp begins to drop and just when the company needs development money, it results in mass dilution and pushes the company to the brink of failure because they have to sell shares at lower and lower rates. This is where Tivus rests at present. Selling adequate shares at .20 would have kept this company in a much stronger position.
My guess is SP is a decent, high tech genius who isn't a business man. He has obviously avoided establishing a BOD to hold him accountable for corporate development and this has allowed him to hold this company close to his vest. He has made big mistakes in financing, and if indeed the Marriotts are involved in coaching him, they better step into the fray. IF THIS MARRIOTT CONTRACT ISN'T FORTHCOMING RELATIVELY SOON, this company, regardless of a great product, is on life support to say the least. Of course, lots of good ideas find life in another venue (McDonalds) under someone else's business leadership. But we won't benefit from it.
So this contract better come and come soon. The end of the year won't find this company alive without financial trickery and RS's without this contract. If it gets the whole ball of wax (50 build out) we will all do relatively well and survive. IT IS A BIG GAMBLE, IMHO. R3
