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Tenacious

12/05/10 2:31 AM

#40580 RE: up-down #40562

Great post, up-down...couldn't have said it better.

Everyone must understand that this stock was my LIFE from Mar-Jun timeframe this year, and extensively covered the product during my onsite visit to Trios.

My personal disappointment started here months ago when the dillution was ramping up and I saw missed objectives related to the product.

1. The original Nepo 42 video showed concepts that STILL HAVE NOT BEEN delivered--namely the CC credit card processing!

2. The original vision for the solution, as stated by Morris, was to become a fully integrated restaurant management system. To date, this is nothing more than a good Ruby on Rails implementation of a Point of Sale solution that still requires the person to go swipe a CC card away from the customer...and there is no back-office integration features---scheduling, reporting, data-mining, etc...all NOT delivered!

The web site onboarding concept was a DIVERSIONARY tactic in my opinion away from the core deliverables that should've been his PRIMARY focus. All of these PRs about DoD, hotel management applications, big name consultant dropping etc. look tacky in hindsight.

At this point in time, we should've had the above delivered with 50 restaurants in play with MUCH LESS dillution. I have no doubt we'd be sitting at .01 or better RIGHT NOW if that was the case if Morris decided to take a prudent and dilligent approach. Unfortunately, Jim used the stock as his ATM machine and frankly I don't see the value of the money he's raised.

I have no idea what Jim's plans are, but he'll have to do fine without us feeble commons. He has to understand that no one is going to fall for this a second time, and new investors will be warned.