I appreciated the update. It wasn't a PR so I don't think it is intended to get new investors interested, or to prop the price. By just updating the blog I feel his intention is to communicate to the current investors who are following their progress and are curious as to how it went.
Timing on these types of stock are everything. Given the reverse split and late Jan demo to the board I think your decision to stay on the sidelines is wise. Barring a surprise update on the pump or generator status, the stock has to get through Dec (month to take losses) and the reverse split. The potential for more dilution is also very much on the table since they have been working to get 6.5 million more dollars. That is a tidy sum. I wish we knew what it was for; I feel it must be for bringing MG to market. Otherwise why not just wait until MG goes to market and use that bump to get more $$ for the other products (thats assuming of course that orders are placed).
I've kind of been wondering whether they will announce Dan Ustian as the new President for the news going into the split. He is very much involved and they haven't said anything about filling that position. I think I would prefer it goes unfilled because having a president is $$ for salary. Plus he has the SEC investigation going on, so that may not even be possible. But I think we are lucky to have his input and support.
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