You covered nearly all scenarios and I can finally agree with your comments.
Every investor has lost money somewhere along the line. It could be with Enron, Worldcom, Lehman Brothers, etc. It does not have to be just small developmental companies.
Timing cannot be perfect and proposals don't always work out properly. It is too bad some lost the bet on this company so many years ago. But I think it is only fair to say they have stuck to their guns and fought a long difficult battle to achieve what they now have.
It will all boil down to whether the market sees a need for this device and whether they are willing to pay for the device.
We will all find out together. Meanwhile, I think everyone should put aside any disgruntled attitudes and give credit towards what has been accomplished.