I think what happened here is everyone is projecting what Lebby said here with what he did in December.
As a reminder, in December he said a bunch of things, suggested they could happen yet in 2023, and then ignored investors for 3 months.
It was refreshing to see him admit that, in effect, they haven't done a good job communicating with us and lay out steps to do better.
It was a little weird hearing him lay out problems they're having (reliability requests / scalability / financials) while simultaneously saying they aren't problems. I think the financial side of things may be a bigger issue than we realize - I get we have 1.5 years of cash and lines of credit, but I can't imagine a tier 1 looking at that and believing it to be enough. Also - there is no scenario we have the resources to defend these patents if a tier 1 challenged us.
My biggest take away from the interview was this: Lebby needs to sell this thing. Probably as early as this year.
I know many of you don't want to hear that - but all of these concerns go away if they're absorbed into a bigger company. If we're getting jerked around in negotiations let a bigger company deal with it.
Lebby has experience selling businesses which is awesome - I am mildly concerned that he hangs onto this for too long. I don't see him as wanting to give up any control of this technology, but he ultimately is a large shareholder and has to do what's best with us.
I'd love to hear the thoughts from those of you who have access to him re: the topic of selling the company.
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