Hi Simplenight.
I think your points are all well taken. I pretty much agree with them. It is hard not be become pessimistic, in fact some times it’s a struggle. But then I find, when I think it through, that only one thing has changed in the trajectory of what has happened over the years: our relationship to SEC. We are out of compliance and were delisted. That is a big thing, in fact the most important thing for most of us. But once you look past that, nothing has changed. Steve is pursuing the same business model he always has, pivoting to new opportunities while abandoning those that don’t work out; taking on new partners and abandoning those that don’t work out; and somehow finding the money to keep us afloat and keep moving forward.
As for the length of time since were we delisted, again that is lamentable, but once it happened I can see that maybe Steve is not all that upset about it. Regardless of when he moves to re-list, he will have to go through the same steps. What this hiatus from reporting gives him is relief from all the burdens of managing a publicly traded company. He can devote his time and resources and energy and talents of his staff to developing the company and advancing the technology and then when he is ready for the big play then move to get us back on track as a publicly traded company.
As far as what is “reasonable”, I think it is more reasonable to think that Steve has not changed or changed his business model pre- and post-hiatus. He is doing what he always has been doing and said he would do, and we have no objective evidence to the contrary or reason to think otherwise about him.
I think the challenge is not to compare our situation to the vast track record of companies in similar situations and go dark. It is a struggle not to make that comparison, but in the end it doesn’t do any good. We are in this for the long term now, there is no going back. This is the hand we were dealt. What is clear is that we haven’t fallen off a cliff. The business model appears to be intact. And beyond that, there is something going on we can't see. Despite the optics of falling out of compliance with SEC, we seem to have retained our good name and high stature with technocrats that we rely on as partners and staff. What ever mojo it is that continues to make this a desirable company, Steve has got it. Something is working.
I think your points are all well taken. I pretty much agree with them. It is hard not be become pessimistic, in fact some times it’s a struggle. But then I find, when I think it through, that only one thing has changed in the trajectory of what has happened over the years: our relationship to SEC. We are out of compliance and were delisted. That is a big thing, in fact the most important thing for most of us. But once you look past that, nothing has changed. Steve is pursuing the same business model he always has, pivoting to new opportunities while abandoning those that don’t work out; taking on new partners and abandoning those that don’t work out; and somehow finding the money to keep us afloat and keep moving forward.
As for the length of time since were we delisted, again that is lamentable, but once it happened I can see that maybe Steve is not all that upset about it. Regardless of when he moves to re-list, he will have to go through the same steps. What this hiatus from reporting gives him is relief from all the burdens of managing a publicly traded company. He can devote his time and resources and energy and talents of his staff to developing the company and advancing the technology and then when he is ready for the big play then move to get us back on track as a publicly traded company.
As far as what is “reasonable”, I think it is more reasonable to think that Steve has not changed or changed his business model pre- and post-hiatus. He is doing what he always has been doing and said he would do, and we have no objective evidence to the contrary or reason to think otherwise about him.
I think the challenge is not to compare our situation to the vast track record of companies in similar situations and go dark. It is a struggle not to make that comparison, but in the end it doesn’t do any good. We are in this for the long term now, there is no going back. This is the hand we were dealt. What is clear is that we haven’t fallen off a cliff. The business model appears to be intact. And beyond that, there is something going on we can't see. Despite the optics of falling out of compliance with SEC, we seem to have retained our good name and high stature with technocrats that we rely on as partners and staff. What ever mojo it is that continues to make this a desirable company, Steve has got it. Something is working.
