It really seems to come down to management incompetence.
1) Get the 10Q filed....sheesh...you don't make any money so it can't be that hard.
2) Don't put a teaser of an AD campaign unless you know you are going to follow it up with something like a launch date. It was dumb to post it on twitter. A nice PR announcing the AD campaign kick off would have been much more professional.
3) Don't keep missing launch dates...Looking at the history they had 2 separate launch parties planned they had to cancel. How does that happen? Mismanagement.
4) Fire the CEO and get a new one. The product looks cool..but management is killing it before it gets going.
This should have a real easy setup. Finish App, Launch App, Ad campaign, Contracts, Revenue. Can't do any of that.....but they can sell notes and dilute 400 million shares!
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