Sounds like you two are arguing over semantics. It was never said that it would not go over 200M agreed, but the man in the know gave guidance that it hopefully shouldn't.
Problem is, he also stated that they were going to be more open/informative with SH's good or bad because that is what they believe is right. To miss the boat by 140M (a dbl since the last known figure) to date while not providing an update doesn't sound like openess good or bad to me.
More importantly, there was no mention about the O/S, the pref's, or the A/S increase in the letter to shareholders that was released one week before the latest 8-K and current O/S update. And of course there hasn't been one since. Besides contracts, that is the number one question for shareholders.
Fact is there are potential game changer contracts ready to go, and it is quite possible the company would have dissolved by now without the current management. But I beleive that the many negative SH's feel they have been lied to by management in reference to the openess claim. They would likely be much more supportive, and accepting of the reality facing the company if they were being genuinely informed about a very important concern, rather than blindsided.
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