The technology is nothing new and neither is accesibility, merely new spin on something that they and others have offered for the last decade. Section 508 was originally mandated in 2001. The reason they resorted to that misleading rev recognition strategy can only be to give the illusion of growth when nobody was really buying what they were selling. Any real demand and they never would have even considered doing what they did with the accounting treatment. Your buddy Nate put 3M of his own money in? Show me a filing that confirms it. Even if he did, is it really his own money when it was coming from his and management's million dollar plus payroll? So really he is just taking money given to him by shareholders and increasing his own stake? Also, you never commented on another exec quitting and another board member jumping ship or whether your friend Nate resigned or was fired? I do appreciate your comment that he has a very vested interest in the stock, it would seem to take someone with a very vested interest to have orchestrated the non monetary misleading revenue recognition strategy to begin with. End justifies the means, no matter how many you financially harmed?
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