Are they really that much better off today than they were a year ago? I'm not as convinced, although much of my logic is somewhat subjective. Rich was calling the shots a year ago, and I don't believe that was a good thing. The Class Action suit has reportedly been settled today, so the uncertainty about that has been lifted, but the company didn't prevail and still has to pay a settle (money which they don't have). Speaking for myself, I was still optimistic a year ago, but I've lost it today. A year ago I looked forward to retail presence. Today, we have only seen SecureView in a single retail chain, and regardless of how much people want to believe the Costco "test" was a success, the product is no longer available and unsold inventory was returned to SEVU. We can sugar coat that all we want, but the bottom line is that it's still not available on retail shelves and the one company that briefly offered it no longer does so.
Another difference today is that they appear to have all but exhausted their sources of funding. Insiders have poured their own money into the company to keep it afloat, but that has to run dry eventually.
A year ago I saw potential. Today, I see failure. Virtually nothing has changed since Rich passed away. Still no retail presence. Still no sales. The difference is that they have now had time to promote and sell the product, yet it hasn't happened. I'm not sure if it's incompetent management or if demand for the product simply isn't as strong as I had hoped, but for whatever reason, they're still spending more money than they're taking in.
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