On the last shareholder conference call, the company was asked if we would be willing to make the eDOORWAYS platform and the SOLVE doorway available for demonstration. At that time, our Chairman and CEO, Mr. Gary Kimmons, advised that making SOLVE available to the public before its scheduled release introduces undue risk associated with losing our competitive advantage in the marketplace.
Nevertheless, as a participant in our conference call noted, “seeing is believing,” and many of you are demanding to see what we’ve achieved. This has created an interesting dilemma – if we unveil SOLVE, we risk ultimately hurting shareholder value by allowing competitors insight into the mechanics of the platform. We’re almost positive that any reasonable shareholder would not want that. Yet, if we continue to hold it close until the soft launch, it is clear that many of you, our shareholders, will continue to question the veracity and authenticity of our effort. The impasse this creates is detrimental to all of us – and it’s negatively affecting our value in the marketplace.
We simply cannot let this continue to unjustly happen. As an act of mutual good-faith, we are prepared to act immediately by offering to make the SOLVE doorway available for shareholder inspection and review via a “live walk-through” conducted by our technology consultants. The walk-through is available to us now since we’ve used it for past presentations to private capital sources. However, exactly how it is we can implement the presentations to the public with a reasonable degree of security must still be resolved.
It’s our intention to get back to you as soon as possible with a plan that can work whereby the walk-through is made available within the month. This should only take a few business days. At that time, we will announce the viewing date(s), our plan for certifying participants and the forum in which we intend to conduct this event. Regardless, we see no reason why the presentation(s) cannot be conducted this month.
To conclude, we understand that our shareholders are excited to view a demonstration of the platform and celebrate what the company has achieved. And it is because we value you, our shareholders, we will proactively strive to meet your stated needs and expectations.
Your patience and understanding regarding this sensitive issue is sincerely appreciated!
July 8, 2009 at 2:52 pm |
Good Morning,
As a long-term investor, while I’m pleased to see the progress you are making, your recent choice to expose a demonstration to the public is followed by some obvious anticipation. Trading volumes hit the floor as soon as this release hit the wire.
This tells me that folks are waiting for you to hold good on your promise of a date (falling somewhere inside of this month — in accordance with the press release) when we can expect to see a demonstration.
“This should only take a few business days.”
You’re currently eating into your fifth business day. What the market seems to be looking for is confidence Velcro: something to really stick to, but you’re not providing it.
“Can you set dates and meet them?”
This is precisely the question that the common market is going to begin agreeing on.
All we need is a date, as promised. Then, we need you to meet that date for the demo and your October deadline. Is this move meant to up investor confidence or isn’t it?
~A
July 8, 2009 at 6:11 pm |
Hi Ambel. Thanks for your observation. Regarding the date of the walk-through, we will make the announcement this week.
Please be advised, however, that we have been deluged with emails from shareholders who do not share your sentiment. They are advising us that the walk-through is a very bad idea, and for us not to succumb to pressure to show our product prematurely.
In the spirit of compromise, we will make the presentation to you this month. However, it will be subject to constraints that we will specify going in.
July 8, 2009 at 6:57 pm |
eD,
In tandem, I quite agree that the walk-through throws a difficult wrench into plans for a solid ground-breaking, and I disagree with the decision myself. However, the fact remains that the promise was made to shareholders in the press release sent over the wire last week along with a time line that has nearly doubled now. This is the point of my comment.
When promises are made and time lines are applied to those promises, slipping time lines degrade investor confidence in future promise, but I need not elaborate, I’m sure. I have no doubt that you’ll deliver, and I’m in awe of what you have accomplished thus far.
I appreciate the quick response. Keep up the great work, but watch those time lines.
~A
July 9, 2009 at 4:50 pm |
Has there been an date that has been projected for this live walk through?
July 10, 2009 at 8:41 pm |
Jesus, please look at today’s post.