In my opinion; when a start up public company, on Nasdaq sets itself self imposed deadlines to events there may be harmless or nefarious reasons behind them. Harmless in the sense that a public company telegraphs the deadline because it ‘knows with a sense of moral certainty’ that the proposed project will take that time to develop and produce the product. Nefarious; possibly all the company is doing is procrastinating until they have run the clock down to zero, only to make another deadline because the project was never undertaken.
After all the noise Eggs and NDA holders have made about ‘build your audience before you are ready’ and ‘Coming soon’ websites along with all the well hung gung-ho big swinging ‘you ain’t seen nothing yet’ one would imagine there might be some light at the end of shareholders high colonic.
However, Eggs hasn’t managed to stick to a single self imposed deadline. At one time many shareholders assumed naïveté was the reasoning, but after the stewards enquiry post up list and reverse split it’s quite clear what the Csuite is up to.
Good luck longs.
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