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Re: transformer post# 16532

Monday, 11/26/2012 1:04:37 PM

Monday, November 26, 2012 1:04:37 PM

Post# of 20441
I just posted that to show the potential of an ACS or an AAA type product, and I believe we are still the only game in town. I'm quite sure we would have heard about it otherwise. Something happened, although it's unclear exactly what. The story goes that software issues surfaced and a finger pointing battle started between Ants and IBM(this is second hand from Frank). At any rate, from an outsiders point of view shareholders heard a few things about software problems that needed attention, and the big sales that were expected never materialized. Lots of companies used the product in small implementations that were heavily discounted as is the usual practice for getting yourself out there, but nothing like expected. The last contract we heard about was with an unamed electric utility in California that turned out to be Southern California Edison. Frank says they are still using the product, but we are receiving no revenue. Strapped for cash, the debts and fundraising spiraled out of control, until they unsuccessfully tried to sell Ants. You would be justified in thinking maybe Joe was blowing smoke in that video, except there's too much evidence the product is everything he said. This was/is in IBM hardware after all.

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