Perhaps many longterm investors are puzzled by the extended timeline and probably questioning the logic, which is acceptable to me. You can argue the merits of a SPORT System with 1 surgical indication vs 10. and the delay in real PPS appreciation due to the extended timeline. But have your facts straight.
First, they didn't change course, but added more indications thereby extending the timeline. Changing course would be, "We stopped working on SPORT and are now focusing on miniature robot bugs that can enter through the bloodstream".
Second, deception is a strong word. I do not believe shareholders have been deceived. If you take the time to read the company prospectus, you'll see the very real risk in this speculative stock made perfectly clear.
Third, the final SPORT product will ultimately be worth much more than before the addition of the new indications. It's just gonna be a bit longer.
I would argue that a SPORT System with 10 surgical indications could have a PPS 2-3 times higher one year from release, than a SPORT System with 1 surgical indication in the year it's being released (if the market isn't receptive of course). From what we understand, that could have been our reality.
Good luck in any case.