I think maybe he means that this K, same as if you look at the K last year, tells the story about where the company is heading with products and plans moving forward. The last 10K is a very good read. What I don't like or agree with him is why does everything need to be telegraphed, read in to, "figure it out", etc. I hope the company just tells us and stops with the secrets. As long as big buy side investors can read the "telegraph" and buy the stock up that's great but if all stuff something coming gives us no clues on anything except "use your imagination" I'm sure a lot are not going to be happy - again...