IPO update, page-855

this is a direct copy of the email I received from him back in June.

I’m sure you’ve seen the financial situation of the company and realize that there’s been no available cash for over two years. This has precluded us from executing on the deals you mentioned as we are unable to procure components, develop devices, hire sales reps, and develop distribution capabilities. The increase in the IDTF business was predicated on a successful IPO capital raise. Unfortunately we have encountered a series of setbacks and delays in getting this done. I’m hopeful that we will finally get there later this month.