I was not with INIX during the previous administration's failed rollout. It is fortunate to not have the emotional baggage (and financial losses) that went along with that apparent disaster.
My impression is at that time INIX had a product they thought could compete in the marketplace. It was rushed to the market but the product had flaws that prevented it from a successful rollout. The CEO at that time made some (near) fatal errors in terms of testing before the launch. The stock tanked badly. In short, I believe that is an accurate summary.
Not too long after the failure, the CEO died. From what I don't know. A new management team tried to rescue the product from its fallen threshold despite being extremely low on funding and saddled with some debt. Still, they believed the product was viable if corrections were made.
Indeed, corrections were made. Still, shareholder support was barely existent as the share price came as close to zero as it could get. The new management team reached out to its shareholders with more promises and opportunities if they could help raise minimal funds. Many did. The management team also addressed its debt issues which were identified in the recent financial report.
With flaws corrected and debt reduced, INIX re-introduced the Realtime product. Unfortunately, some data feeds cramped the introduction for a couple of weeks. To many familiar with INIX history, this was horrific. To the rest of us, it was an understandable delay.
Now, the product is active and viable. Still, the stock market has been punishing INIX for its slightly flawed most recent re-introduction. Understandably so, I suppose.
I think this explains, to a certain degree, why many of us who did not endure the initial rollout are shaking our heads about the lack of excitement in the current INIX product and management team.
Still, as this new product gains some footing and the new management continues towards its path of restoring credibility, the excitement will follow.
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