Ziptel continues to release disappointing, misleading and incomplete information, imo.
4 Dec, 2014: "App ready for imminent global launch"
That turned out to be a limited pilot release, not a public or global launch at all.
30 Jan, 2015: "ZipT global launch via itunes and Google Play stores imminent"
Surprise, surprise, imminent actually means > 4 months
4 Feb, 2015: email to founding members: "Hold on just a little bit longer whilst we put the finishing touches on the app to make sure you have a great experience"
27 Feb, 2015: "... Company is working hard to continuously improve the ZipT App ahead of the public launch in the first quarter of this year."
12 May, 2015: "Global launch date for ZipT Android App set for 22 June 2015 via GooglePlay Stores"
"The application for Apple IOS will shortly follow and will be available globally in Q3 2015"
Todays announcement was missing lots of information about, numbers of users, user retention, users usage of the app, revenue from users, user satisfaction ....
I cant see anything in the announcement which requires a trading halt before it is released, it is mostly about technical changes under the bonnet to the compression algorithm and potential size of the market.
I'm still waiting for a public release which will allow me and colleagues to download and test the app before I will make any investment decision.
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