Those are the WOLV goals; but they don't explain the motives of Chalk.
SO, lets evaluate that. Why is it that the metering security systems business did not produce sales or become profitable? It has been YEARS since Chalk and the programmer there used this wonderful technology language and wrote the software to protect meters. They spent a very substantial amount of time and money to prove this technology there and what happened? If that "first priority" was not successful in any way, what makes anybody believe that an application of the same security methods in a much more real time and active environment (mobile phone applications) could ever work and produce a profitable return? What leading technology company believes that it would work and be an outstanding investment? If ANY, what have they offered? Apparently, there is no leading technology or aspiring technology firm trying to "make a deal" or they would have stepped up during all these "lost years" of opportunity.
Essentially, the principle of the technology is to put a "gatekeeper like" process into place that will "evaluate and compare" the "patterns of the programming" within the incoming data streams before they are allowed to run in the mobile phone. Yet, new applications are released daily for the mobile phones; how does the "gatekeeper" know anything about passing or failing a new application's programming?
Changes in applications for meter reading are seldom, so the environment is fairly static.... yet the sales did not take off even there.
Is this a plan to recoup the failed investment in metering security by inducing gold-bugs to believe this is a new magic? That's my opinion of the most likely scenario for picking WOLV versus an empty clean shell. They invest no more money and sell out before the "proof" of the project ever materializes. They are looking for the naive. WOLV has no clue about technology; yet, their management has evaluated this. More likely, IMO, they have colluded to develop a plan to make money on the "sound of magic" as "fools rush in where wise men fear to tread."
It will take YEARS to get this product programmed, tested and into the market. IMO WOLV will not survive long enough and the remaining shell will become defunct on the backs of "hopeful but naive shareholders."
AJMO
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