He stated that revised down estimates included potential litigation revenue, which I imagine would be from Whitesky. That's being very optimistic. I would count on that fight dragging out for a longer period of time. I am going on record as stating revenue will be around $500K which is very disappointing. I think they will be hard pressed to hit that in all reality.
I don't think you can write off this company but now they are telling us that Europe/Canada/Russia are where they are looking for business with GID. If you can't even sell to your native country, one of the biggest in the world, I don't hold out much hope that they will amount to much.
With the demise of desktop computers, they are now VERY dependent on the success of MobileTrust. The fact that they won't even have a beta until almost a year after announcing the product is discouraging. They better hit it out of the ballpark for all of our sakes. They need to get a free copy in the hands of every technology guru, celebrity and influential person in the media. If it works well, we'll all hear about it and it will catch on. The beauty of having it in the app stores is we get all of the revenue, no middleman required.
Time will tell. I'm giving them 6-9 months to show some progress.
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