I agree with you regarding why many of us may have been initially attracted to this company. I also agree that Mr. Bayliss probably does have a stellar reputation. However, respectfully, I must disagree with your assessment of current management. I believe that the situation that developed with the company is likely due to an unfortunate dispute about the business plan, best use of company assets, and a disagreement between the company principals. This would not be the first time that a difference of opinion in a start up operation resulted in an unfortunate public dispute. I believe Mr. Bayliss should have used more appropriate legal or other channels to air his grievances or issued a brief statement simply stating that due to a difference of management opinions he was resigning. His concerns regarding false statements should have been addressed through the proper investigative channels, and if found to be true, then by now this stock probably wouldn’t still be active. I still stand by my opinion that it was for the best that he left. The failure of current management to keep their shareholders somewhat informed and to correct the incorrect phone number listed on their website is truly pretty sad and absolutely does reflect poorly on them. That said, I still believe there is more here than meets the eye. Many fledgling companies and management make some poor choices in early stages and that doesn’t necessarily mean they are about to go defunct or out of business. The company has some innovative and seriously networked players affiliated with them on the product development side. My impressions from reading all the posts and watching the share price and volume is that they are trying to obtain the funding needed and I strongly suspect they are conducting down round financing. For this reason I don’t want to see this stock shut down by any governing body. I believe that they are quiet while they try to obtain the funding they need to move forward. The fact that no one can speak about current testing of the product just makes me think that, based on their PR dated March 16, 2017, Jason Schoch took the testing to a private group of testers. This would not be an unusual thing to do. The link posted previously (#3847) to 2 videos are enlightening. I strongly suspect that they have finished development and testing. Skinnybundle recently pointed out, correctly so, that they are current on all of the required filings. You don’t replace your lawyer, generating need for updated reviews and filings if you think you are going under.
Although I have taken issue with some statements Skinny has made on this board, let’s face it, he has been put in an untenable situation. If he issues a projection statement based on his beliefs and then it doesn’t materialize he is slammed for that. If he says nothing, he’s slammed for that. He is not an authorized spokesperson for the company and none of us should have taken his statements as gospel. Perhaps he should have prefaced each statement with “IMHO”, but too late now, everyone is riled up. My sense is that he thinks his projections of news were founded but it is up to each shareholder to make their own decisions and act accordingly. We each have to bear the full responsibility for our decisions. My extensive business experience is allowing me to remain patient and committed, frustrated, but committed. In fact, I know people still buying in and having no trouble doing so, therefore, I don’t believe the company is buying up all of the shares. They are out on the west coast where the venture capitalists thrive on speculating in new technology companies. The reputations of all of the key players are strong so why would they ever run a deliberate scam or admit defeat and become the laughing stock of the industry? That just doesn’t make any sense at all to me. What does make sense is that they cannot, and therefore will not, make a statement regarding the launch until they have finished these down rounds, as to do so would be irresponsible. They don’t have to raise the needed cash through the public trading either, as they can, and probably are doing behind the scenes stock transactions in large volume. Also, to announce a launch this close to Christmas would just mean their ads would be lost in a massive blur of retailers ads. IMHO, they will get it together before they have to go dark due to lack of financing. Skinny, I personally would love to hear if you think that perhaps I am getting warm. I won’t hold you to anything, just your personal opinion is ok with me.
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