I would not call the webex a hoax but it was horribly amateurish in content. The financials are horrible and the CEO should just say that. The "guidance" for revenue is as wide as the ocean and I don't know if you all caught it but the Waller guy includes in his revenue guidance any legal settlement. That is even more troublesome as any legal $$ recovery would go to the Other Income line and not the revenue line. This guy is a joke if he believes that proceeds from a lawsuit are counted as revenue.
We are 22 days past the end of Q1 and all we have heard so far is that 2 resellers have increased their "nominal" Guard software sales by 84%. If the CEO wants to create both goodwill and credibility he could announce Q1 right now and give an honest and candid view of the business.
This is not a scam, I just think it is a dead company that wont die until they cannot sell anymore stock. Then they will try to dump their patents, pay their debt holders including the CEO and the shareholders will get wiped out....AGAIN.
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