Sleepin_Easy - That would seem to be part of the problem... No one knows what the company is doing. There is some anecdotal information about various projects and some second hand information from phone calls presumably to Cal and/or Brian, but what has the company actually done this past year? There has been a lot of noise from the off-shore "partners" stating how they would be making muli-unit sales over a short-term. The enthusiasm just hasn't turned into anything concrete.
As an investor, what conclusion should I draw regarding a firm that doesn't seem capable enough to add language to a form in a two week period and publish it? Never mind the revenue projections for a 2-3 month period that are completly off track. Is management simply caught up in circumstances they can't control or is incompetence?
There have been a number of strategies discussed in the past months about what the company might do to get out of the hole it's in. Obviously multiple sales would go a long way to affect a major change. Another option might be to simply file chapter 11, zero out the "loans", replace management, and move forward. Of course, all would be forgiven if there is any ray of sunshine in the 10k. Hopefully, we will have some answers by Monday.
fwiw,
Net-Man
Market Data 
Markets 
AI
