The reality, as I see it, is Mimvi as we knew it, failed. Their technology and the mobile search industry wasn't as great as they made us think it was. The Mimvi we bought into would have filed bankruptcy if Qayed hadn't acquired it (because we all know Mimvi didn't acquire Adaptive Media, AM acquired Mimvi).
So, this is pretty much a very different company. Mimvi Echo, Mimvi search, and maybe even Mimvi Link is gone for now. This is primarily an advertising company now. Maybe later on, they will find a way to incorporate search and recommendation technology into their advertising business. Maybe not.
In the past, Poutre and Franks would say anything to pump the price temporarily, even if it turned out to be a lie or a fail later on. So under Poutre and Franks, TrepLabs would probably have launched with 2 or 3 app developers aboard. It would pump the price for a day or two, and then investors would realize 2 or 3 developers was a joke, and the PPS would crash.
So maybe this guy has higher standards. Therefore, he is not pleased with TrepLabs at the moment. He decided to shelve it until it is a real product, not a "decoy" to pump PPS.
I think only air something thought Alexa rankings were genuine. A lot of us posted several times on this board that genuine natural traffic didn't increase that fast, and that Alexa rankings were definitely being manipulated.
As for revenue we have no choice but to wait for earnings report. If revenue is again lame, it is safe to say the new Mimvi is as bogus as the previous one.
AI
