Raystream’s Technology is not a Secret
The company’s claims of a proprietary high definition video compression technology, related to AVC/H.264 video codecs, are flat out misleading. In fact, it is and has always been available as free and open-source software on other sites. Furthermore, RAYS claims “No other company specializes in HD compression technology.” To verify Raystream's claims, we decided to do a simple web search. As expected, we found several companies that specialize in HD video compression technology.
Excessive Promotion
Raystream has spent millions of dollars on a self-promotion campaign just to disseminate details of its story. Over a dozen sites have joined the pump train to fuel what we believe is a sensationalistic campaign designed to dupe investors who are none-the-wiser about exactly how ubiquitous the technology really is. In fact, Go Daddy suspended the Smauthority.com domain, a pumper for RAYS.
The Usual Suspects
The people involved with Raystream include a cast of characters that have had a long and lurid history with rogue development stage companies that eventually failed. The same people are continually tied to one another with each new venture. (Evidence to be sent to SEC Task Force.)