mr sano,
thanks for your reply and relieving me of my fear that you had gone and flipped of the deep end - like many of the others on this board. as i said before, i often don't agree with you and that's ok.
re the innovation, i suppose you are inquiring in the technical sense? as in what exactly the new algorithms are? or rather what dean and co have done to enhance the processing speed of the rendering algorithms out there? those are fine questions and i wish you well in seeking the answers - i suspect you wouldn't get them even if you swore your life on a stack of NDAs. and though that might arouse suspicion in some, in me it doesn't.
i would love to relate a personal story here about some of my own adventures (or misadventures) in research. i have one that directly relates. but i won't in the interest of time. i'm also not terribly qualified to comment on software - my expertise is on the user end.
re your observations about the way dean promotes, i share some of the same queasy feelings. but by way of analogy, large corporations release all kinds of footnotes, comments, etc., about their own earnings statements all the time. we as investors have just learned to brush these off as spin. i see dean's efforts in the same light. that's business...that's kept the light's on for now. there is still a large gap between spin and fraud which is what many of the conspiracy folks essentially say he is committing.
as to your theories about why do the deal now, i think those are reasonable. the balance sheet obviously doesn't look good. there is always the possibility of further AI requests, etc. as i stated in my post, i like seeing investors come in even with a discounted entry. i like that MUCH better than using a credit facility and better than having the company constantly owe dean. even with the discount, i honestly don't find the deal that intolerable - like i said, how often does a VC swoop in on a little company to stuff the BOD on tranche one? Giving them some shares to enhance cash for a year is not a bad exchange. Who cares if they sell on the open market (which I doubt they will)? If not anything else, this little stock has proven remarkably resilient over the long haul (remember it wasn't too long ago it was trading at .07) I think until our singular material even occurs, we'll continue to see the market value this in the mid 20s, low 30s.
anyway, i will add two theories to your list. one potentially more optimistic - that the warrants virtually guarantee further working capital should this get approved. (in case, as i suspect, the stock DOESN'T explode on approval.)
the other theory is not as optimistic (sorry friends, told you i wasn't a pumper). perhaps his credit facilities were withdrawn?
anyway, i've written enough to last a month or two. i appreciate your reply, gl to you.
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